This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wabtec Acquires Napier, A UK-Based Provider Of Turbochargers For Power Gen, Marine Markets

WILMERDING, Pa., Feb. 1, 2013 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) has acquired Napier Turbochargers Ltd., a UK-based provider of turbochargers and related parts for the worldwide power generation and marine markets.  Napier has annual sales of about $55 million.  Wabtec expects the transaction to be accretive in the first year.

Based in Lincoln, England, Napier designs and manufactures turbochargers for high horsepower engines used mainly in generator sets.  The company provides replacement parts and services for its large installed base of products around the world.  Napier's customers include a variety of original equipment engine manufacturers and end-users.  The company has about 150 employees.

Albert J. Neupaver, Wabtec's president and chief executive officer, said:  "Napier is a strong strategic fit with Wabtec.  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."

Wabtec Corporation is a global provider of value-added, technology-based products and services primarily for the rail and transit industry. 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. Wabtec has facilities located throughout the world.

www.wabtec.com

SOURCE Wabtec Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,967.47 -102.93 -0.57%
S&P 500 2,093.27 -21.22 -1.00%
NASDAQ 4,942.8650 -74.0640 -1.48%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs