Trelleborg Engineered Systems, a business area within the Trelleborg Group, has signed an agreement to acquire operations related to the tunnel seals product area. The selling party is VIP Heinke Ltd. in the UK. This will strengthen Trelleborg Engineered Systems’ position as a leading global supplier of tunnel seals and, following the acquisition, the business area will be able to offer a full range of tunnel seals for both bored and immersed tunnels.
The acquired assets will be fully integrated with Trelleborg Engineered Systems’ existing global tunnel-seals operations, at which time they are expected to contribute SEK 25-30 M in additional annual sales. It is estimated that the newly added operations will provide a positive contribution to earnings already during 2005.