Trelleborg acquires Gummiteknik GTM AB
Through its Trelleborg Engineered Systems business area, Trelleborg has signed an agreement to acquire Swedish company Gummiteknik GTM AB, with approximately 30 employees and annual sales of about SEK 36 M. Gummiteknik is privately owned and is based in Bålsta, on the outskirts of Stockholm.
Gummiteknik is a producer of advanced rubber components in short and medium series for the engineering and construction industries, among others. The production methods include injection molding, hot extrusion and pressing of material combinations (rubber/metal and rubber/plastic).
“Gummiteknik is one of Sweden’s most successful smaller companies in its specialized area and has shown a high degree of expertise in developing complex products for various applications,” says Lennart Johansson, President of Trelleborg Engineered Systems. “In combination with Trelleborg’s similar operations, the acquisition will also generate synergies in purchasing and production.”
The transfer is expected to take place on March 1, 2007.