Trelleborg Acquires Antivibration Engineering Firm
Posted by Eric Haun
Wednesday, March 9, 2016
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 antivibration 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 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.
“Loggers is a niche company with recognized skilled engineers at the forefront of the design and development of antivibration solutions. The company also has advanced digital service tools which make it easy for customers to do business with them,” said Mikael Fryklund, Business Area President for Trelleborg Industrial Solutions. “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.”
The transaction will be consolidated as of March 8, 2016.