Wabtec completed the acquisition of Bloom Engineering for $69m.

Wabtec, a provider of value-added, technology-based products and services for freight rail, passenger transit and other industrial segments, completed the acquisition of Bloom Engineering, a provider of industrial heating applications, for $69m. This acquisition strengthens Wabtec’s portfolio of heat transfer and energy solutions, integrating Bloom Engineering’s advanced technologies in burners, combustion systems, and overall services for industrial and process heating applications. The combination of Bloom Engineering with Wabtec’s existing portfolio of products and services will accelerate global growth in this highly profitable segment, while providing increased value to its worldwide customer base.