Trelleborg has, through its business area Trelleborg Sealing Solutions, signed an agreement to acquire the US-based privately-owned Automated Dynamics that specialises 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.Trelleborg has, through its business area Trelleborg Sealing Solutions, has signed an agreement to acquire the United States based privately-owned Automated Dynamics that specialises in the manufacturing of advanced composite components. Composites are a strategic, adjacent technology for Trelleborg with high potential in a multiple of industries.#
The company is located in Niskayuna, New York. 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 and 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 finalised in the third quarter of 2017.
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. (SV)
Fibre2Fashion News Desk – India
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