WABCO Acquires Laydon Composites Ltd; Expands Aerodynamic Product Portfolio For Heavy-Duty Trucks And Trailers Worldwide

WABCO says this acquisition creates attractive growth opportunities for both companies. 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.

WABCO, a global supplier of safety, efficiency and connectivity technologies for commercial vehicles, has acquired Laydon Composites Ltd. (LCL), a manufacturer of aerodynamic devices for heavy-duty trucks and trailers. Based in Oakville, Ontario, LCL generated revenues of approximately CAD $25 million (approximately $19.8 million USD) in 2015. Building on more than 30 years of experience, LCL was previously privately owned and operated.

Through the acquisition, WABCO says it becomes the only supplier to provide 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 CO2 emissions. They also help commercial vehicle fleet operators to improve their operational efficiency and environmental performance.

WABCO says this acquisition creates attractive growth opportunities for both companies. 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. Both companies have similar organizational cultures.

“We are thrilled to welcome LCL to the WABCO family,” said Nick Rens, president, WABCO Trailer, Aftermarket and Off-Highway Division. “Both WABCO and LCL are companies that are driven by groundbreaking ideas in aerodynamics for commercial vehicles, and through innovative technologies, expertise and excellence in execution grew to become industry leaders. 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.”

“Joining WABCO is a tremendous opportunity for LCL, its customers and employees,” said Brian Layfield, LCL president. “Both companies have a proud history of industry firsts. Together, we are poised to drive further technology innovation in aerodynamics for fleet customers worldwide.”