ERJ staff report (DS)
Trelleborg, Sweden. Trelleborg AB has completed the purchase of the remaining 20 percent of the equity in Bangalore-based Trelleborg Sealing Solutions India. The company did not reveal financial details.
The unit has approximately 120 employees and sales of approximately SEK 80 million (euro 8.5 million). The unit consists of a marketing company and a production unit that manufactures seals for both the Indian, other Asian and the European markets.
Trelleborg said the deal is part of its ongoing and future investment in Asia, where India constitutes one of the key markets.
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Press release from Trelleborg