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Trelleborg acquires niche company thus strengthening its position in offshore oil & gas

Trelleborg has, through its business area Trelleborg Offshore & Construction,
signed an agreement and finalized the acquisition of the U.K. company Ambler
Technologies Ltd. The company develops and produces composite materials that
create strictly specified buoyancy and insulation properties in applications
used primarily in deep-sea environments. The acquisition provides Trelleborg
with access to cutting-edge expertise and expanded production capacity of
strategically important components. It also strengthens Trelleborg’s position in
oil and gas exploration and extraction, particularly in buoyancy modules for
Remotely Operated Vehicles (ROVs).
 
The company’s head office and production facility are located outside the city
of Manchester, U.K. Net sales in 2012 amounted to approximately SEK 50 M with
good profitability. This bolt-on acquisition is part of Trelleborg’s strategy to
strengthen positions in attractive and profitable market segments.
 
“With a focus on customer-centric development, we are moving in the direction of
increasingly engineered polymer solutions with a higher technology and knowledge
content. The acquired operation commands unique expertise and experience in
composite materials that complement our global offering, primarily in the
exploration and extraction of oil and gas in deep-sea environments, but also in
other interesting segments. In conjunction with the transaction, we will create
a Center of Excellence focused on advanced buoyancy modules in deep-sea
environments. We will be able to offer fully integrated and proprietary
solutions to such equipments as Remotely Operated Vehicles (ROVs) and others
that are used in deep waters,” says Fredrik Meuller, President of the Trelleborg
Offshore & Construction business area.
 
The transaction will be consolidated as of April 2013.
Trelleborg is a world leader in engineered polymer solutions that seal, damp and
protect critical applications in demanding environments. Its innovative
engineered solutions accelerate performance for customers in a sustainable way.
The Trelleborg Group has annual sales of about SEK 21 billion in over 40
countries. The Group comprises five business areas: Trelleborg Coated Systems,
Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg
Sealing Solutions and Trelleborg Wheel Systems. In addition, Trelleborg owns 50
percent of TrelleborgVibracoustic, a global leader within antivibration
solutions for light and heavy vehicles, with annual sales of approximately SEK
14 billion in about 20 countries. The Trelleborg share has been listed on the
Stock Exchange since 1964 and is listed on NASDAQ OMX Stockholm, Large Cap.
www.trelleborg.com
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