On the Record · WABCO
WABCO acquisitions, on the record
The businesses WABCO bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
R.H. Sheppard Co., Inc.Word for word“In September, we completed our acquisition of R.H. Sheppard, a key supplier of steering technologies for commercial vehicles.” 10-K for 2017 | acquisition | — | — |
AssetTrackrWord for word“In July 2017, WABCO further expanded its global FMS platform by agreeing to acquire AssetTrackr, an innovative FMS provider based in Bangalore, India.” 10-K for 2017 | agreed acquisition | In July 2017 | — |
Meritor WABCO joint venture (Meritor Inc.'s stake)Word for word“In October, we completed our acquisition of Meritor Inc.'s stake in the Meritor WABCO joint venture for a cash purchase price of $250 million excluding cash acquired of $16.4 million, resulting in net cash paid of $233.6 million.” 10-K for 2017 | acquisition | — | — |
Sturrock and Robson Industries, Pty Ltd. remaining 51% interest (WABCO Automotive South Africa)Word for word“On December 1, 2017 , the Company acquired the remaining 51% interest in its South African partnership with Sturrock and Robson Industries, Pty Ltd. for total consideration of $7.9 million , of which $7.4 million was paid in cash and $0.5 million related to non-cash consideration for payables from the partnership assumed in acquisition accounting.” 10-K for 2017 | acquisition | On December 1, 2017 | total consideration of $7.9 million |
Asset TrackrWord for word“WABCO further expanded its global FMS platform by completing the acquisition of Asset Trackr in 2018, an innovative FMS provider based in Bangalore, India.” 10-K for 2018 | acquisition | in 2018 | — |
Meritor WABCO remaining ownership stake from MeritorWord for word“In October 2017, WABCO acquired the remaining ownership stake from Meritor and consolidated all products under one WABCO brand in the North American market.” 10-K for 2018 | acquisition | October 2017 | — |
Laydon Composites Ltd.Word for word“Relates to the release of contingent consideration on the 2016 acquisition of Laydon Composites Ltd.” 10-K for 2018 | acquisition | 2016 | — |
MICO, LCL and Trans-Safety LOCKSWord for word“This is in comparison to 2016 when we paid $92.3 million for the acquisitions of MICO, LCL and Trans-Safety LOCKS.” 10-K for 2018 | acquisition | 2016 | $92.3 million |
R.H. Sheppard Co., Inc.Word for word“In connection with the Department of Justice's review of the Merger, WABCO is divesting the Company's steering components business, R.H. Sheppard Co., Inc., for which the Company entered into a definitive agreement to sell on January 30, 2020.” 10-K for 2019 | agreed divestiture | January 30, 2020 | — |
North American aftermarket distribution rights from MeritorWord for word“The Company is expected to complete the acquisition in the first quarter of 2020.” 10-K for 2019 | agreed acquisition | first quarter of 2020 | — |
Meritor's remaining ownership stake in Meritor WABCOWord for word“In October 2017, WABCO acquired the remaining ownership stake from Meritor and consolidated all products under one WABCO brand in the North American market.” 10-K for 2019 | acquisition | October 2017 | — |
| Fiscal year ended | Goodwill from acquisitions |
|---|---|
| 2016-12-31 | $35.6 million |
| 2017-12-31 | $385.9 million |
Deal filings since 2016
- 2020-05-29 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2019-03-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-06-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-03-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-10-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from WABCO’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-02-21. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.