Trelleborg acquires manufacturer of advanced composite components
Trelleborg has, through its business area Trelleborg Sealing Solutions, signed an agreement to acquire the U.S.-based privately-owned Automated Dynamics that specializes 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.
The company is located in Niskayuna, New York. Sales amounted to approximately SEK 65 M in 2016. 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 & 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 finalized in the third quarter of 2017.