Trelleborg acquires anti-vibration engineering company and grows within marine applications
Trelleborg has, through its business area Trelleborg Industrial Solutions, signed an agreement and finalized the acquisition of Loggers Rubbertechniek B.V., a Netherlands-based privately owned engineering company that provides specially engineered anti-vibration solutions, principally within marine applications. The company designs and develops solutions that minimize noise and dampen vibrations and shocks, mainly for onboard ship systems. The acquisition strengthens Trelleborg’s antivibration operation within marine applications in Europe.
The acquired operation has its head office in Dordrecht, the Netherlands, as well as a sales office in Germany. Sales amounted to approximately SEK 110 M in 2015. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“I am delighted to welcome the acquired operation into Trelleborg. Loggers is a niche company with recognized skilled engineers at the forefront of the design and development of anti-vibration solutions. The company also has advanced digital service tools which make it easy for customers to do business with them. Our plan is for its operation to become a Marine Antivibration Solutions Center with a focus on marine systems for our global industrial antivibration operation,” says Mikael Fryklund, Business Area President for Trelleborg Industrial Solutions.
The transaction will be consolidated as of March 8, 2016.
For further information, please contact:
Media: Vice President Media Relations Karin Larsson, 46 (0)410 67015, 46 (0)733 747015, karin.larsson@trelleborg.com
Investors/analysts: Vice President IR Christofer Sjögren, 46 (0)410 67068, 46 (0)708 665140, christofer.sjogren@trelleborg.com
Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of SEK 25 billion in over 40 countries. The Group comprises five business areas: Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. In addition, Trelleborg owns 50 percent of TrelleborgVibracoustic, the global market leader within antivibration solutions for light and heavy vehicles, with annual sales of SEK 18 billion in about 20 countries. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap.www.trelleborg.com