Wabtec Acquires Napier, A UK-Based Provider Of Turbochargers For Power Gen, Marine Markets

 Wabtec Acquires Napier, A UK-Based Provider Of Turbochargers For Power Gen,
                                Marine Markets

PR Newswire

WILMERDING, Pa., Feb. 1, 2013

WILMERDING, Pa., Feb. 1, 2013 /PRNewswire/ --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.

Albert J. Neupaver, Wabtec's president and chief executive officer, said:
"Napier is a strong strategic fit with Wabtec. The company offers highly
skilled engineering and technical capabilities, has a reputation for quality
products and services, and is well positioned in growing markets. In
addition, its large installed base provides a recurring aftermarket revenue
stream. We also expect to take advantage of the company's global presence and
growth opportunities in key markets, such as Asia."

Wabtec Corporation is a global provider of value-added, technology-based
products and services primarily for the rail and transit industry. Through its
subsidiaries, the company manufactures a range of products for locomotives,
freight cars and passenger transit vehicles. The company also builds new
switcher and commuter locomotives, and provides aftermarket services. Wabtec
has facilities located throughout the world.

www.wabtec.com

SOURCE Wabtec Corporation

Website: http://www.wabtec.com
Contact: Tim Wesley of Wabtec Corporation, +1-412-825-1543, twesley@wabtec.com
 
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