Trelleborg, Sweden – Trelleborg Sealing Solutions has signed an agreement to acquire Automated Dynamics, a US-based privately-owned manufacturer of advanced composite components.
In a 23 June statement, the Swedish rubber engineering company said composites were “a strategic, adjacent technology” which offered Trelleborg high potential in multiple industries.
The Niskayna, New York-based company had sales of SEK65 million (€6.6 million) in 2016 and is specialised in the design and manufacture of composite structures and automated equipment.
The company is active in aerospace, defence, oil & gas and automotive industries.
The transaction, the size of which was not disclosed, is expected to complete in the third quarter of 2017 upon approval of relevant authorities.
“The acquired company provides key capabilities in composites, bringing new competences to Trelleborg Sealing Solutions,” said Claus Barsøe, president of the Trelleborg Sealing Solutions business area.
According to Barsøe, Trelleborg sees areas of opportunity for new products within the aerospace and oil & gas markets with the bolt-on acquisition.
The Swedish company also expects to leverage Automated Dynamics’ expertise in production automation into its other manufacturing facilities.