Trelleborg, Sweden – Trelleborg is acquiring Freudenberg-owned manufacturer of vibration control components and systems Schwab Vibration Control, as part of strategy to enhance its anti-vibration business operation.
Based in Velten, Germany, Schwab Vibration Control develops and manufactures anti-vibration and suspension products and technologies for the rail industry.
In addition to rail systems, the company also offers products for the off-highway and industrial sectors, which Trelleborg said aligned with its own anti-vibration expertise.
The German-based firm also has offices in Switzerland and manufacturing partners in Poland, Romania and Turkey.
The acquisition, said Trelleborg on 10 Aug, is part of a wider strategy to enhance its anti-vibration systems operation, geographical reach and distribution network across Europe.
The acquisition will "strengthen our knowledge and product offering within the anti-vibration sector,” said Max Billinger, business unit president of Trelleborg’s anti-vibration and insulation solutions operation.
Billinger said that the rail market would continue to be an area of growth for Trelleborg.
“We look forward to combining the two organisations and enhancing product knowledge and capabilities for all our customers, continuing to expand our reach not only Europe-wide, but internationally, too,” he concluded.
The transaction is expected to be finalised during the fourth quarter of 2016, with completion subject to the approval of the relevant authorities.