Trelleborg, Sweden – Trelleborg Offshore & Construction has signed an agreement to acquire Marimatech A/S, a company specialising in marine positioning and piloting systems.
According to a press release on 16 Dec, Marimatech specialised in the development of software used for docking or mooring ships offshore or in ports.
The acquisition will broaden and supplement Trelleborg’s product portfolio within berthing, docking and mooring solutions for ports and vessels, the Swedish company said..
The acquired company’s head office and production site are based in Aarhus, Denmark. The company’s sales totalled approximately SEK 50 millin (€5.4 million) in 2014.
“The acquired company has a successful navigation and ship positioning product line using the latest 'smart' technology, which can be used on other marine applications and integrated with our existing range of products,” said Fredrik Meuller, president of the Trelleborg Offshore & Construction business area.
The purchase, according to Meuller, will enable Trelleborg to strengthen its offering as a turnkey supplier of marine docking and mooring systems for owners and managers of ports and vessels.
The transaction, the amount of which has not been announced, is expected to be finalised in the fourth quarter of 2015.