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HGV technology supplier acquires aerodynamic specialist
WABCO acquisition of Laydon Composites brings commercial vehicle aerodynamic product coverage into global Heavy Goods Vehicle markets.
WABCO has acquired Laydon Composites (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 CO2 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. 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 organisational cultures characterised by world-class engineering expertise and excellence in execution.
“We are thrilled to welcome LCL to the WABCO family,” said Nick Rens, WABCO President, 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 reach the position they’re in today. 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.”
In combination, WABCO and LCL provide a comprehensive portfolio of aerodynamic devices for heavy duty trucks and trailers for markets worldwide. LCL pioneered and continues to advance aerodynamic technology that is standard equipment on many brands of heavy-duty trucks in North America. The company’s collapsible air fairings improve air flow over tractor cabs, reducing fuel usage by as much as 12%. For trailers, LCL’s patented, SmartWay Elite certified Trailerskirt and nose fairings reduce air drag for a combined 9% fuel savings and lower CO2 emissions.
WABCO offers OptiFlow SideWings for trailers in Europe. Its design and construction enables long-haul fuel savings of up to 5% and a reduction of CO2 emissions by as much as 3.8 tonnes per semi-trailer per year. In addition, the company’s OptiFlow Tail, an aerodynamic product for the rear of a semi-trailer, generates fuel savings of up to 1.1 litre per 100 kilometres (4.7 US gallons per 1000 miles) at highway speeds. These fuel savings help fleet operators in Europe to lower CO2 emissions from tractor-trailers by up to 2.8 tonnes annually.