Trelleborg has today announced the acquisition of Schwab Vibration Control, an international manufacturer of vibration control components and system solutions, as part of an overarching strategy to enhance its antivibration business operation for the benefit of its customers.
Operating from its headquarters in Velten, Germany, Schwab Vibration Control, develops and manufactures anti-vibration and suspension solutions for applications within the rail industry. With offices in Switzerland and manufacturing partners in Poland, Romania and Turkey, the organisation also offers products for the off-highway and industrial sectors, aligning with Trelleborg’s own antivibration expertise.
The acquisition is part of a wider strategy to enhance the service Trelleborg’s antivibration solutions operation provides its customers, extending its geographical reach across Europe and expanding its international distribution network. With competences aligned to that of Trelleborg, the acquisition will also combine the expertise of both organisations offering a more extensive product portfolio.
Max Billinger, Business Unit President of Trelleborg’s antivibration and insulation solutions operation, commented: “We are thrilled about the acquisition. This is the latest addition to our business and will only act to strengthen our knowledge and product offering within the anti-vibration sector. The rail market continues to be an area of growth for Trelleborg and with the additional skills and capabilities Schwab Vibration Control will bring to our already solid market presence, we expect this to be further accelerated.”
“We look forward to combining the two organisations and enhancing product knowledge and capabilities for all our customers, continuing to expand our reach not only Europe-wide, but internationally, too.”
The transaction is expected to be finalized during the fourth quarter, 2016, with completion subject to the approval of the relevant authorities.