Wabtec Corporation has acquired Thermal Transfer Corp., a supplier of industrial heat exchangers. “Thermal Transfer will be an excellent strategic fit with our existing heat exchanger products for rail and industrial markets. The company offers a broad portfolio of heat transfer solutions for niche applications, which will enable Wabtec to diversify its product and market applications further. In addition, Thermal Transfer’s extensive design and engineering expertise will complement our existing capabilities,” Raymond T. Betler, Wabtec’s president and chief executive officer, said.
Thermal Transfer manufactures heat exchangers and related components for a variety of industrial markets. Thermal Transfer focuses on providing innovative and sustainable products in industrial applications where high temperatures and corrosive elements are present. The company has annual sales of about USD 25 million. The majority of its sales are in the U.S. and in the aftermarket.
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