Alstom has completed the acquisition of Flertex, a group specialised in the design and manufacture of brake linings (pads and shoes) for braking systems, particularly for the rail industry but also for other industrial applications.
In business for more than 60 years, Flertex has recently been focused on developing more efficient materials that increase braking performance while reducing noise and minimising the emissions of fine particles into the atmosphere.
The acquisition, part of the company’s ‘Alstom in Motion’ strategic plan, expands and strengthens its expertise in braking systems and comes only a few months after that of IBRE, a company specialised in the development, manufacture, and supply of cast-iron or steel brake discs.
Flertex has an annual turnover of around €16 million (£13.6 million) and approximately 120 employees, with the vast majority working at its sites in Gennevilliers (in the region of Île-de-France) and Saint-Florentin (in the region of Bourgogne-Franche-Comté). More than 50% of its turnover comes from the rail industry, mainly in France and Europe, but also in Latin America.
Jean-Baptiste Eyméoud, president of Alstom France, said: “We are pleased with this acquisition which, similarly to IBRE, enhances our solutions and skills in the field of braking to meet our own needs as well as those of our customers.”