Trelleborg acquires anti-vibration engineering company and grows within marine applications
Trelleborg has, through its business area Trelleborg Industrial Solutions, signed an agreement and finalized the acquisition of Loggers Rubbertechniek B.V., a Netherlands-based privately owned engineering company that provides specially engineered anti-vibration solutions, principally within marine applications. The company designs and develops solutions that minimize noise and dampen vibrations and shocks, mainly for onboard ship systems. The acquisition strengthens Trelleborg’s antivibration operation within marine applications in Europe.
The acquired operation has its head office in Dordrecht, the Netherlands, as well as a sales office in Germany. Sales amounted to approximately SEK 110 M in 2015. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“I am delighted to welcome the acquired operation into Trelleborg. Loggers is a niche company with recognized skilled engineers at the forefront of the design and development of anti-vibration solutions. The company also has advanced digital service tools which make it easy for customers to do business with them. Our plan is for its operation to become a Marine Antivibration Solutions Center with a focus on marine systems for our global industrial antivibration operation,” says Mikael Fryklund, Business Area President for Trelleborg Industrial Solutions.
The transaction will be consolidated as of March 8, 2016.