Wabtec Acquires Turbonetics, A Manufacturer Of Turbochargers For Industrial Markets

WILMERDING, Pa., July 30, 2013 — (PRNewswire) — Wabtec Corporation (NYSE: WAB) has acquired Turbonetics Holdings, Inc., a manufacturer of turbochargers and related components for various industrial markets.  Turbonetics has annual sales of about $15 million.  Wabtec expects the transaction to be accretive in the first year.

Based in Moorpark, Calif., Turbonetics designs and manufactures turbochargers and pressure-control products for engines used mainly in various industrial markets, including energy, aerospace, marine and high-performance applications.  Turbonetics' customers include a variety of original equipment engine manufacturers and end-users.  The company has about 40 employees.

Albert J. Neupaver, Wabtec's chairman and chief executive officer, said:  "With its technology focus and strong aftermarket presence, Turbonetics is a good fit for Wabtec and a strategic complement to our recently acquired Napier Turbocharger business.  Together, they can leverage their strong engineering and technical capabilities, and their complementary product lines should enable both companies to expand in existing and new markets.  We also expect to use Wabtec's global presence to create new opportunities for Turbonetics' products."

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.

Website: www.wabtec.com  

SOURCE Wabtec Corporation

Contact:
Wabtec Corporation
Turbonetics Holdings, Inc.
Tim Wesley, 412.825.1543
Email Contact
Web: http://www.wabtec.com




Review Article Be the first to review this article
Featured Video
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
Summer Preview: Solid Edge ST10
Jobs
CAD Design Specialist I for Waterpik, Inc. at Fort Collins, CO
IT Analyst III (GIS) for Orange County Sanitation District at Fountain Valley, CA
Upcoming Events
MOULDING EXPO at Messepiazza 1 70629 Stuttgart Germany - May 30 - 2, 2017
32nd International Forum on Design for Manufacture and Assembly (DFMA) at Crowne Plaza Hotel 801 Greenwich Avenue Warwick RI - Jun 6 - 7, 2017
Collier Research Composites Design Summer Training Class at 760 Pilot House Drive Newport News VA - Jun 12 - 16, 2017
2017 ESPRIT World Conference at Universal City CA - Jun 12 - 16, 2017
MasterCAM



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise