M&A Deal Summary

Wabtec Acquires L&M Radiator

On June 16, 2023, Wabtec acquired electrical equipment company L&M Radiator for 230M USD

Acquisition Highlights
  • This is Wabtec’s 7th transaction in the Electrical Equipment sector.
  • This is Wabtec’s 4th largest (disclosed) transaction.
  • This is Wabtec’s 23rd transaction in the United States.
  • This is Wabtec’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2023-06-16
Target L&M Radiator
Sector Electrical Equipment
Buyer(s) Wabtec
Deal Type Add-on Acquisition
Deal Value 230M USD

Target

L&M Radiator

Street Hibbing, Minnesota, United States
L&M Radiator is a manufacturer of heavy-duty equipment radiators and heat exchangers. L&M Radiator is based in Street Hibbing, Minnesota.

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Buyer(S) 1

Buyer

Wabtec

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1869
Sector Machinery
Employees29,000
Revenue 9.7B USD (2023)
DESCRIPTION

Wabtec is a provider of value-added, technology-based products and services for the rail industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars, and passenger transit vehicles. Wabtec builds new switcher and commuter locomotives and provides aftermarket services, including locomotive and freight car fleet maintenance. Wabtec was formed in 1869 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 43 of 45
Sector (Electrical Equipment) 7 of 8
Type (Add-on Acquisition) 35 of 37
State (Minnesota) 1 of 1
Country (United States) 23 of 23
Year (2023) 1 of 1
Size (of disclosed) 4 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-16 Collins Aerospace - ARINC Rail Solutions Business

West Palm Beach, Delaware, United States

Collins Aerospace's ARINC Rail Solutions Business provider of intelligence-based rail dispatch and back-office solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-12 Kompozitum

Bratislava, Slovakia

Kompozitum is a provider in the field of technical machined carbon and graphite components with special metal or resins impregnations, moving the limits in usability of high-quality carbon or graphite materials. Kompozitum is headquartered in Bratislava, Slovakia.

Buy -
Mergr

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