Greenbriar Equity Group Partners With Management to Acquire Frauscher Sensor Technology

ST. MARIENKIRCHEN, Austria and RYE, NY, October 24, 2016-- Frauscher Sensor Technology , a leading supplier of train tracking solutions for the global railway signaling industry, has selected Greenbriar Equity Group LLC, a New York-based private equity firm focused exclusively on the global transportation industry, as its new equity partner. Frauscher was acquired in conjunction with the Company's existing management team, led by CEO Michael Thiel.