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The Independent Automotive Aftermarket Federation

Melett Ltd acquired by Wabtec Corporation

Date: Friday 15 December 2017

Wabtec Corporation has acquired 100% of shares in Melett Limited, a leader in the design, manufacture and supply of high-quality turbochargers and replacement parts to the turbocharger aftermarket.

Melett of Barnsley, England has operations in the UK, Europe, North America and China and is recognised globally as a high-quality supply partner by turbocharger repairers and remanufacturers in more than 100 countries around the world.

Raymond T. Betler, Wabtec&rsquo,s president and chief executive officer, said: &ldquo,Melett complements both our overall turbocharger strategy and our product portfolio through its globally recognized brand and comprehensive aftermarket solutions. , ,

&ldquo,It provides our existing turbocharger business with an extensive and low-cost manufacturing and distribution base in Europe and China. , This acquisition represents an excellent strategic fit that expands our aftermarket presence and provides direct access to key international markets.&rdquo,

Ian Warhurst , owner of Melett will continue as managing director of the company and said: &ldquo,I am very proud of what we have created at Melett over the past 15 years. The company has been built on strong engineering principles, and a key to Melett&rsquo,s success has been working closely with our customers and suppliers to understand what the market requires, both now and in the future. ,

&ldquo,Becoming a part of the Wabtec Corporation will allow us to take Melett to the next level, and fully exploit opportunities within both new and existing market sectors. Wabtec&rsquo,s ethos mirrors that of Melett and it will be exciting to explore potential development prospects with our sister companies within the Wabtec Turbocharger business unit.&rdquo,