TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Wabtec buys U.K. rail company for $48M

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By Thomas Olson
Tuesday, Oct. 2, 2012, 12:48 p.m.
 

Wabtec Corp. of Wilmerding said on Tuesday it acquired a U.K.-based passenger rail service and maintenance company for $48 million in cash.

LH Group, based near Birmingham, England, overhauls diesel engines, transmissions and power packs, with annual sales of about $65 million. The business and its 350 workers will form a separate Wabtec division in England, said spokesman Tim Wesley.

The acquisition “complements and strengthens” Wabtec's existing aftermarket presence in the U.K. known as Wabtec Rail and Brush Traction, said Wabtec CEO Albert Neupaver.

 

 
 


Show commenting policy

Most-Read Stories

  1. State Supreme Court Justice McCaffery suspended in email porn scandal
  2. Steelers looking for Spence to step up game at inside linebacker
  3. Harrison woman dead in 3-car crash in Natrona Heights
  4. Parkway West ramps to be closed at Carnegie
  5. Opposing defenses find success against Steelers by eschewing blitz
  6. Penguins forward Downie becoming a hit with teammates
  7. Pittsburgh City Council President officially cited for dumping trash on steps of South Side business
  8. Bomb threat prompts search at Norwin High School
  9. Snapshot in time: Comparing Cowher, Tomlin drafts
  10. Unpaid August Wilson creditors seek help from judge
  11. Police arrest 14-year-old in connection to bomb threats phoned in to South Hills schools
Subscribe today! Click here for our subscription offers.