Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a providers of value-added, technology-based equipment and services for the global rail industry. It provides its products and services through two business segments: the Freight Group and the Transit Group, both of which have different market characteristics and business drivers. In June 2014, the Company acquired Fandstan Electric Group Ltd., rail and industrial equipment supplier. Effective August 19, 2014, Westinghouse Air Brake Technologies Corp of the United States acquired Dia Frag Industria e Comercio de Motopecas Ltd.