Wabco Acquires Laydon Composites
Commercial vehicle supplier Wabco Holdings Inc. has acquired Laydon Composites Ltd., a manufacturer of aerodynamic devices for heavy-duty trucks and trailers.
Terms were not disclosed but Wabco said Oakville, Ontario-based LCL generated revenues of about C$25 million in 2015.
Brussels-based Wabco said the acquisition expands its market access to North America through LCL’s sales network and customer relationships in the region.
Also, Wabco said its global presence provides those customers with increased access to LCL products.
Among LCL’s products are collapsible air fairings that improve air flow over tractor the cab, Wabco said.
“We are thrilled to welcome LCL to the Wabco family,” Nick Rens, president of Wabco’s trailer, aftermarket and off-highway division, said in a statement. “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.”
He added: “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.”
