Trelleborg, Sweden – Trelleborg completed, on 1 Oct, the acquisition of Schwab Vibration Control, a Freudenberg-owned technology supplier of industrial anti-vibration components and systems mainly for the rail market.
Headquartered in Velten, Germany, Schwab Vibration Control has engineering and sales offices in Adliswil, Switzerland and Laudenbach, Germany.
The transaction value has not been disclosed.
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 acquisition, said Trelleborg in an earlier statement 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.