Home
Invite
RSS
Search:
Advanced Search
Wabtec buys LH Group for $48 million

 

October 2nd 2012

Rail vehicle engineering company Wabtec has bought UK-based LH Group for $48 million.

LH, which overhauls diesel engines, transmissions, powerpacks and bogies, is the latest in a list of UK engineering firms to be acquired by the US company.

In 2011, Wabtec announced that it was to take over Brush Traction – a Loughborough-based locomotive overhaul specialist – and Bearward Engineering Ltd.

The acquisition of LH, which has annual sales of about $65 million, will strengthen Wabtec’s position in the UK market as a one-stop-shop for rail vehicle overhauls.

Albert J. Neupaver, Wabtec’s president and chief executive officer, said:  “LH complements and strengthens our existing aftermarket presence in the UK by enabling us to offer complete overhaul services for a variety of passenger transit vehicles and components, including engines and transmissions.  In addition, the company’s engineering skills, focus on quality and long-standing customer relationships make LH a good fit with Wabtec.”

http://www.rail.co/2012/10/02/wabtec-takes-over-uk-based-lh-group/


--------------------------------------------------------------------------------
 

Delicious Digg Facebook Fark MySpace
Views: 595 views    Report Inappropriate Content
All Articles