UPDATE: Wabtec (WAB) Acquires U.K.-Based Napier Turbochargers

February 1, 2013 7:03 AM EST
(Updated - February 1, 2013 7:10 AM EST)

Wabtec Corporation (NYSE: WAB) has acquired Napier Turbochargers Ltd., a UK-based provider of turbochargers and related parts for the worldwide power generation and marine markets. Napier has annual sales of about $55 million. Wabtec expects the transaction to be accretive in the first year.

Based in Lincoln, England, Napier designs and manufactures turbochargers for high horsepower engines used mainly in generator sets. The company provides replacement parts and services for its large installed base of products around the world. Napier's customers include a variety of original equipment engine manufacturers and end-users. The company has about 150 employees.

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