Amsted Rail – Ellcon - Faiveley Announce A New Global Partnership for Heavy Haul Freight Railcar Markets

CHICAGO--(BUSINESS WIRE)--Ellcon National, 100% owned subsidiary of Faiveley Transport, and Amsted Rail, world leading manufacturer for undercarriage rail components for the freight market, announce the creation of a joint venture.

“Ellcon National’s existing brake component portfolio will be integrated with Amsted Rail’s extensive undercarriage systems enabling railcar designers and their customers to access an unprecedented component engineering team”

“This new joint venture is strategically important because it will enable heavy haul railcar customers to purchase complete systems with a wider range of components from a single supplier” said Robert Joyeux, Chairman & Chief Executive Officer of Faiveley Transport.

“Ellcon National’s existing brake component portfolio will be integrated with Amsted Rail’s extensive undercarriage systems enabling railcar designers and their customers to access an unprecedented component engineering team”, explains Mr. John Wories, President of Amsted Rail.

The partnering of these two global leaders positions both companies to provide exceptional engineered component and system solutions. These synergies will enhance railcar performance and increase the life cycle savings of an Amsted Rail –Ellcon National equipped railcar.

The two companies have independently provided systems for the freight railcar market for more than 100 years. This joint venture will develop the technical strengths and global footprint of both companies and enhance the global heavy haul railway industry.

About the Faiveley Transport Group

The Faiveley Transport Group is one of the world’s leading suppliers of railway systems and services, offering products such as air conditioning, electro-mechanics, on-board electronics, platform doors & gates, braking systems, couplers and customer services. The Group is a true global player, with operations in Europe, the Americas, Asia and Australia.

Its US subsidiary Ellcon-National has the world's widest product line of AAR-approved hand brakes. In 1983, the company pioneered the AAR-approved Truck-Mounted Brake with an automatic slack adjuster. Ellcon is known for a wide range of AAR approved Empty Load Devices and Automatic Slack Adjusters and has hundreds of thousands of these units in service throughout the world. www.faiveleytransport.com

About Amsted Rail Company, Inc.

Amsted Rail Company is the world’s leading manufacturers of undercarriage railcar components for heavy haul freight railcars. The company focuses on providing complete system solutions, such as: railcar truck systems trucks/bogies, wheels, bearings, axles) and end of car energy management systems (couplers, yokes, draft gears, cast draft sills, cushioning units) for heavy haul railways around the world. In addition, Amsted Rail Company provides rail fastening solutions and asset monitoring (GPS & Condition Based Monitoring) solutions for transit and heavy haul rail. www.amstedrail.com