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

SolidCAM: Cutting Webinar

Featured Video
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
PTC Marches On With New Vuforia AR Platform Release
Jobs
Architectural Designer for Champion Home Builders at Troy, MI
GIS Software Developer for UDC at Englewood, CO
GIS Analyst for G2 Partners LLC at San Ramon, CA
Vice President, Transportation Services for Associated General Contractors of New York State at Albany, NY
Upcoming Events
ASSESS 2017 CONGRESS at Bolger Center Potomac MD - Nov 1 - 3, 2017
FABTECH 2017 at McCormick Place Chicago IL - Nov 6 - 9, 2017
ATX MINNEAPOLIS 2017 at Minneapolis MN - Nov 8 - 9, 2017
2017 China Chongqing International Machine Tool Show (CCIMT) at Chongqing International Expo Center, Yubei Chongqing China - Nov 13 - 16, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — 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 PolicyAdvertise