CMS has advised the management team of Frauscher Sensor Technology Group on the sale of the company to Wabtec Corporation. Baker McKenzie, Buterin & Partners, and Karanovic & Partners advised Frauscher shareholder Delachaux. Reportedly, Jones Day's Frankfurt office advised Wabtec while Trench, Rossi, Watanabe and Khaitan & Co advised Delachaux as well.
Wabtec Corporation is a US-listed rail technology group.
Frauscher, founded in 1987, is a supplier of train detection, axle counting, and route monitoring systems, operating in 15 countries with more than 700 employees.
According to CMS, the management team previously held an 8% stake alongside Delachaux’s 92%. The deal closed on December 1, 2025, and reflects an enterprise value of EUR 675 million.
The CMS team included Partner Sibylle Novak and Lawyer Thomas Aspalter.
The Baker McKenzie team included Vienna-based Partners Gerhard Hermann, Claudia Fochtmann-Tischler, Philipp Maier, and Robert Wippel, Senior Associates Ladislav Bulajcsik, Martina Grama, Andrea Haiden, and Nina Lenhard, and Associates Clara Trogrlic, Valentin Polla, Klara Kastner, Filip Peric, Balint Ozsvar, Alexander Hofmann, Silvia Grohmann, Silvia Katharina Samek, Marlies Kittinger, Ceren Sari, Nikolaus Schuberth, Nesrin Yildirim, Miriam Kompatscher, Patricia Kudweis, Elias Parzer, Lukas Beiglboeck, and Paul Stoss, Warsaw-based Partner Weronika Achramowicz and Associates Dominika Dec and Hanna Wiejowska, and further lawyers in Paris, Frankfurt, Muenchen, London, Chicago, Dubai, Bahrain, Melbourne, Shanghai, Tokyo, Taipei, and Almaty.
The Buterin & Partners team included Partner Valentina Kucic.
The Karanovic & Partners team included Senior Partners Dragan Karanovic, Milos Vuckovic, and Milos Jakovljevic and Associate Teodora Vasin.
Editor's Note: This article was updated to accurately reflect the Karanovic & Partners team working on the matter.
