Trelleborg acquires manufacturer of advanced composite components
Trelleborg has, through its business area Trelleborg Sealing Solutions, signed an agreement to acquire the U.S.-based privately-owned Automated Dynamics that specializes in the manufacturing of advanced composite components. Composites are a strategic, adjacent technology for Trelleborg with high potential in a multiple of industries. Completion of the transaction is subject to the approval of the relevant authorities.
The company is located in Niskayuna, New York. Sales amounted to approximately SEK 65 M in 2016. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“I am thrilled to present this acquisition. The acquired company provides key capabilities in composites, bringing new competences to Trelleborg Sealing Solutions. We already see many opportunities for new products, applications and materials for the aerospace and oil & gas markets, and in the long-term also for other markets. The acquired company’s expertise in automation of the production of composite products is impressive and should be possible to leverage into other manufacturing facilities,” says Claus Barsøe, President of the Trelleborg Sealing Solutions business area.
The transaction is expected to be finalized in the third quarter of 2017.
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 engineered solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of SEK 31 billion and operations in over 50 countries. The Group comprises five business areas: Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions and Trelleborg Wheel Systems, and the operations of Rubena and Savatech. The Trelleborg share has been quoted on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap.
www.trelleborg.com