Wabco has acquired Canadian company Laydon Composites (LCL), a manufacturer of aerodynamic devices for heavy-duty trucks and trailers.
Through the acquisition, Wabco reportedly became the “only supplier to provide a full range of aerodynamic devices” for the commercial vehicle industry.
“The acquisition creates attractive growth opportunities for both companies,” Wabco said in a media statement.
“Wabco’s strong global presence provides customers worldwide with increased access to LCL products; likewise, Wabco expands its market access to North America through LCL’s sales network and customer relationships in the region.”
Nick Rens, Wabco President, Trailer, Aftermarket and Off-Highway Division, commented, “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.”
LCL specialises in the design and manufacture of collapsible air fairings, trailer side skirts as well as nose fairings, while Wabco offers its OptiFlow SideWing and Tail products in Europe.
LCL generated revenues of approximately C$25 million (€17.4 million) in 2015 and is headquartered in Oakville, Ontario. Building on more than 30 years of experience, the businesses was previously privately owned and operated.
Image: A heavy-duty truck equipped with LCL’s trailer nose and side fairings, which are meant to improve the vehicle’s aerodynamic performance and thereby help lower fuel consumption and CO2 emissions.