Wabtec Acquires Melett, A UK-Based Leading Supplier To The Turbocharger Aftermarket
Westinghouse Air Brake Technologies Corporation (WAB)
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Source: GlobeNewswire
WILMERDING, Pa., Dec. 04, 2017 (GLOBE NEWSWIRE) -- 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 a
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- 4/24/24 - Beat
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- 4/25/24 - Form 144
- 4/25/24 - Form 144
- 4/25/24 - Form 144
- WAB's page on the SEC website