answer: #Person2# tells #Person1# the company was founded in 1960 as Davies Engineering and then became CABS in 1997.
documents: #Person1#: How long has the company been in business?
  #Person2#: For over forty years. The original company Davies Engineering - was founded in 1960 by the Davies brothers in a small workshop near Manchester. They closed down the workshop in 1980 and opened up a new factory in Leeds.
  #Person1#: When did it become CABS?
  #Person2#: In 1997 - when it was bought by a German company. They set up two more business in the UK.
  #Person1#: What does CABS stand for?
  #Person2#: International Air Braking Systems.