Wabtec Acquires Melett, A UK-Based Leading Supplier To The Turbocharger Aftermarket
December 04 2017 - 9:00AM
Wabtec Corporation (NYSE:WAB) has acquired Melett Limited, a
leader in the design, manufacture and supply of high-quality
turbochargers and replacement parts to the turbocharger
aftermarket. Headquartered in the United Kingdom, Melett has
annual sales of about $40 million.
With operations in the UK, Europe, North America and China,
Melett provides turbochargers and repair parts to automotive
turbocharger reconditioning and remanufacturing customers in more
than 100 countries around the world.
Raymond T. Betler, Wabtec’s president and chief executive
officer, said: “Melett complements both our overall turbocharger
strategy and our product portfolio through its globally recognized
brand and comprehensive aftermarket solutions. It provides our
existing turbocharger business with an extensive and low-cost
manufacturing and distribution base in Europe and China. This
acquisition represents an excellent strategic fit that expands our
aftermarket presence and provides direct access to key
international markets.”
Wabtec Corporation is a leading global provider of equipment,
systems and value-added services for transit and freight rail.
Through its subsidiaries, the company manufactures a range of
products for locomotives, freight cars and passenger transit
vehicles. The company also builds new switcher and commuter
locomotives, and provides aftermarket services. The company has
facilities located throughout the world.
Contact:
Richard J. StimelPhone: + 1 412 825
1423
E-mail:
rstimel@wabtec.comCharlotte RougeronPhone: + 33 1
48 13 65 11
Email:
charlotte.rougeron@wabtec.com
Wabtec Corporation
1001 Air Brake AvenueWilmerding, PA
15148Website: www.wabtec.com
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