Rail vehicle engineering company Wabtec has bought UK-based LH Group for $48 million.
LH, which overhauls diesel engines, transmissions, powerpacks and bogies, is the latest in a list of UK engineering firms to be acquired by the US company.
In 2011, Wabtec announced that it was to take over Brush Traction – a Loughborough-based locomotive overhaul specialist – and Bearward Engineering Ltd.
The acquisition of LH, which has annual sales of about $65 million, will strengthen Wabtec’s position in the UK market as a one-stop-shop for rail vehicle overhauls.
Albert J. Neupaver, Wabtec’s president and chief executive officer, said: “LH complements and strengthens our existing aftermarket presence in the UK by enabling us to offer complete overhaul services for a variety of passenger transit vehicles and components, including engines and transmissions. In addition, the company’s engineering skills, focus on quality and long-standing customer relationships make LH a good fit with Wabtec.”
