Wabtec Acquires Heavy-Duty Radiator Maker L&M Radiator For $230M Cash
Portfolio Pulse from Shivani Kumaresan
Wabtec has acquired L&M Radiator, a heavy-duty equipment radiators and heat exchangers manufacturer, for $230 million in cash. The acquisition will help Wabtec expand its installed base and recurring revenue in mining, engine cooling, and heat transfer solutions.

June 16, 2023 | 12:32 pm
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Wabtec's acquisition of L&M Radiator for $230 million will expand its installed base and recurring revenue in mining, engine cooling, and heat transfer solutions.
The acquisition of L&M Radiator will help Wabtec expand its product offerings and increase its recurring revenue in the mining, engine cooling, and heat transfer solutions sectors. This is expected to have a positive impact on Wabtec's stock price in the short term, as the acquisition is immediately accretive to EPS, excluding transaction costs.
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