WABCO Acquires Laydon Composites for Expterise in Aerodynamics

WABCO (NYSE: WBC), a leading supplier of technologies to improve the safety, efficiency and connectivity of commercial vehicles, has announced that it has acquired Laydon Composites(LCL), a manufacturer of aerodynamic devices for heavy-duty trucks and trailers.

LCL generated revenues of approximately CAD$25 million in 2015 and is headquartered in Oakville, Ontario, Canada. Building on more than 30 years of experience, LCL was previously privately owned and operated.

Through the acquisition, WABCO is the only supplier that provides a full range of aerodynamic devices for commercial vehicles worldwide.

The benefits are clear: Aerodynamic products reduce air drag of commercial trucks traveling long distances at highway speeds, thereby lowering fuel consumption and CO2 emissions. Aerodynamic devices help commercial vehicle fleet operators to improve their operational efficiency and environmental performance.

From a strategic perspective, the acquisition creates growth opportunities for both companies. WABCO’s global presence provides customers worldwide with increased access to LCL products. At the same time, WABCO expands its market access to North America through LCL’s sales network and customer relationships in the region. Both companies have similar organizational cultures characterized by world-class engineering expertise and excellence in execution.

According to Nick Rens, WABCO President, Trailer, Aftermarket and Off-Highway Division, “Both WABCO and LCL are companies that are driven by groundbreaking ideas in aerodynamics for commercial vehicles, and through innovative technologies, expertise and excellence in execution grew to become industry leaders. Together, we offer commercial vehicle fleets in international markets the most comprehensive portfolio of aerodynamic products to help them improve operating efficiency and comply with stringent environmental regulations.”

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Category: Commercial