Swedish engineered polymer group Trelleborg has acquired a niche UK-based composites company thus strengthening its position in offshore oil & gas. Trelleborg has, through its business area Trelleborg Offshore & Construction, signed an agreement and finalised the acquisition of Ambler Technologies. 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. Net sales in 2012 amounted to approximately SEK50 million with good profitability. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen positions in attractive and profitable market segments. The transaction will be consolidated as of April 2013.
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