Archive for February 1st, 2013
Wabtec Corp. has acquired Lincoln, England-based Napier Turbochargers Ltd., a maker of turbochargers and related parts for the worldwide power generation and marine markets.
The UK firm has annual sales of about $55 million and approximately 150 employees. Wabtec expects the transaction to be accretive in the first year.
“Napier is a strong strategic fit with Wabtec,” said Albert J. Neupaver, Wabtec’s president and chief executive officer, in a written statement. “The company offers highly skilled engineering and technical capabilities, has a reputation for quality products and services, and is well positioned in growing markets. In addition, its large installed base provides a recurring aftermarket revenue stream. We also expect to take advantage of the company’s global presence and growth opportunities in key markets, such as Asia.”