30.12.2015 12:35:00
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TRELLEBORG: Trelleborg’s Acquisition of Marine Docking and Mooring Solutions Company Finalized
Regulatory News:
Trelleborg (STO:TRELB)
Trelleborg has finalized the acquisition of Marimatech A/S, a market-leading company in marine positioning and piloting systems, primarily specializing in the development of software used for docking or mooring ships offshore or in ports. The acquisition will broaden and supplement Trelleborg’s product portfolio within berthing, docking and mooring solutions for ports and vessels.
The acquired company has its head office and production site in Aarhus, Denmark. The company’s global sales totaled approximately SEK 50 M in 2014. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
The transaction will be consolidated as of December 30, 2015.
A press release regarding the acquisition was published on December 16, 2015.
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 22 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, a global leader within antivibration solutions for light and heavy vehicles, with annual sales of approximately SEK 16 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
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View source version on businesswire.com: http://www.businesswire.com/news/home/20151230005179/en/
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