WABCO, a global supplier of technologies that improve the safety, efficiency and connectivity of commercial vehicles, has acquired Laydon Composites Ltd. (LCL), a manufacturer of aerodynamic devices for heavy-duty trucks and trailers. LCL generated revenues of approximately CAD$25 million in 2015 and is headquartered in Oakville, Ontario, Canada. Building on more than 30 years of experience, LCL was previously privately owned and operated.
Through the acquisition, WABCO is the only supplier that provides a full range of aerodynamic devices for commercial vehicles worldwide. Aerodynamic products reduce air drag of commercial trucks traveling long distances at highway speeds, thereby lowering fuel consumption and carbon dioxide emissions. Aerodynamic devices help commercial vehicle fleet operators to improve their operational efficiency and environmental performance.
The acquisition creates attractive growth opportunities for both companies. WABCOs strong global presence provides customers worldwide with increased access to LCL products; likewise, WABCO expands its market access to North America through LCLs sales network and customer relationships in the region. Both companies have similar organizational cultures characterized by world-class engineering expertise and excellence in execution.
A leading supplier of innovative aerodynamic technologies for commercial vehicles, WABCO offers OptiFlow SideWings for trailers in Europe. Its leading design and construction enables long-haul fuel savings of up to 5 percent and reduction of CO2 emissions by as much as 3.8 tons per semi-trailer per year. In addition, the companys OptiFlow Tail, an aerodynamic solution for the rear of a semi-trailer, generates fuel savings of up to 1.1 liter per 100 kilometers (4.7 gallons per 1,000 miles) at highway speeds. These fuel savings help fleet operators in Europe to lower carbon dioxide emissions from tractor-trailers by up to 2.8 tons annually.
19th April 2016
