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Announced

Completed

Wabtec completed the acquisition of L&M Radiator for $230m.

Financials

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Transaction Value£179m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Private

Single Bidder

Domestic

Majority

United States

Friendly

radiators

Machinery: Specialty

Acquisition

Synopsis

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Wabtec, a provider of equipment, systems, digital solutions, and value-added services, completed the acquisition of L&M Radiator, a manufacturer of heavy-duty equipment radiators and heat exchangers, for $230m. “We are excited to welcome L&M Radiator to Wabtec. This transaction will further Wabtec’s presence in premium heat transfer solutions and will extend and complement Wabtec’s mining products portfolio. In addition, L&M’s technology further enhances Wabtec’s mission to develop clean energy solutions for operations in mining,” Mike Fetsko, Wabtec President of freight & industrial components business.

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