The acquisition is said to strengthen Wabtec’s portfolio of heat transfer and energy products.
PITTSBURGH—Wabtec Corporation reported that it acquired Bloom Engineering, Inc., a provider of custom-engineered industrial combustion products for industrial heating applications.
The acquisition strengthens Wabtec’s portfolio of heat transfer and energy products, integrating Bloom Engineering’s advanced technologies in burners, combustion systems, and overall services for industrial and process heating applications, Wabtec said in a release.
Wabtec is a provider of equipment, systems, digital solutions, and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets.
The combination of Bloom Engineering with Wabtec’s existing portfolio of products and services is expected to accelerate global growth in this highly profitable segment, while providing increased value to its worldwide customer base, the release stated. Bloom Engineering will join Wabtec as part of its Freight and Industrial Components Group.
“This is another exciting addition to Wabtec,” said Mike Fetsko, president of Wabtec’s Freight and Industrial Components Group, in the release. “Bloom Engineering is a great fit within our Heat Transfer and Energy Solutions business, and we already serve many of the same customers. Our shared vision toward driving customer productivity within their industrial processes will enable us to deliver a more comprehensive portfolio for our customers to operate more efficiently and sustainably.”
According to the release, Bloom Engineering’s extensive design and engineering expertise complements Wabtec’s existing capabilities.
“The world’s leading metal producers have relied on Bloom to identify ways to improve efficiencies, unlock production capacity in their plants, and decrease CO2 and NOX emissions,” the release said.