Wabco acquires US hydraulics specialist

Belgian braking specialist Wabco has announced the acquisition of US-based heavy-duty hydraulic component specialist Mico Incorporated.

The addition of Mico products to the Wabco offering reportedly makes it the first supplier with a portfolio of complete pneumatic and hydraulic braking and control systems for off-highway vehicles worldwide.

“Wabco continues to extend its technology leadership position in the commercial vehicle industry to the off-highway market worldwide,” said Jacques Esculier, Wabco Chairman and Chief Executive Officer.

“The acquisition of Mico provides us with access to new growth opportunities in the off-highway industry, thereby, enabling Wabco to sustain its outperformance and drive shareholder value.”

“We are excited to welcome our Mico colleagues to the Wabco family,” said Nick Rens, Wabco President, Trailer Systems, Aftermarket and Off-Highway Division.

“Over the past 70 years, Mico has become an industry leader in the field of hydraulic braking and control systems for the off-highway market. Wabco’s and Mico's engineering capabilities, product offerings and market presence match perfectly.

“We are well positioned to deliver an unprecedented level of product choice, quality and service to off-highway customers around the globe. Together, we are poised to take our off-highway business to the next level.”

According to Wabco, the Minnesota-based company generated revenues of approximately US$52 million in 2015, and has a total of five locations across the United States, Mexico and the United Kingdom.

(Image L-R: Jon Morrison, Wabdo President, Americas, and Brent McGrath, MICO President.)

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