Trelleborg’s acquires leading anti-vibration supplier within rail and other industrial applications
Trelleborg has, through its business area Trelleborg Industrial Solutions, signed an agreement to acquire Schwab Vibration Control, a German and Swiss technology leading supplier of industrial anti-vibration components and systems mainly for the rail market, owned by the Freudenberg Group. Completion of the transaction is subject to the approval of the relevant authorities.
Schwab Vibration Control is headquartered and has its production site in Velten, Germany. It also has engineering and sales offices in Adliswil, Switzerland and Laudenbach, Germany. Sales amounted to approximately SEK 575 M in 2015. Its profitability is in line with Trelleborg Industrial Solutions.
“The acquired business offers a broad and complementary product portfolio to Trelleborg, mainly within anti-vibration for rail original equipment manufacturers and rail authorities, off-highway vehicles and dedicated industrial segments, primarily in Europe. Our application expertise within anti-vibration will be further enhanced; Schwab offers world-class cutting-edge engineering and solutions. In addition to increased sales and engineering resources in Europe, our combined offering will also be extended in markets such as North America, China, South East Asia and India,” says Mikael Fryklund, Business Area President for Trelleborg Industrial Solutions.
The transaction is expected to be finalized in the fourth quarter of 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 engineered solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of about SEK 30 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, and the operations of Rubena and Savatech. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap.
www.trelleborg.com
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