# Wabtec acquires L&M Radiator for $230M

Wabtec Corporation acquired L&M Radiator, Inc., a manufacturer of heavy-duty radiators and heat exchangers, for $230 million in cash. L&M Radiator will join Wabtec's Components Group.

- Type: Acquisition
- Announced: 2023-06-16
- Where: Hibbing, Minnesota, United States
- Value: $230.0M
- Status: completed
- Products: heavy-duty radiators, heat exchangers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Wabtec](https://endata.com/companies/10385.md) (acquirer)
- [L&M Radiator Inc.](https://endata.com/companies/28011.md) (target)

## Sources

- [businessnorth.com](https://www.businessnorth.com/daily_briefing/l-m-radiator-acquired-by-pittsburgh-company/article_bc2ecd4c-0c4f-11ee-8a6a-3362d36d85e3.html), 2023-06-16: "This deal is a recognition of L&M's industry success for more than 65 years and positions our worldwide operations to continue to thrive."
- [im-mining.com](https://im-mining.com/2023/06/16/wabtec-acquires-mining-radiator-major-lm-including-mesabi-range/), 2023-06-16: "This transaction will further Wabtec's presence in premium heat transfer solutions and will extend and complement Wabtec's mining products portfolio."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.