Trelleborg’s Acquisition of Business In offshore Oil and Gas
Trelleborg’s acquisition of a business in the offshore oil and gas industry in Brazil from a subsidiary of Veyance Technologies has been finalized. The business focuses on specially designed oil hoses for surface and deep-sea applications for the strongly growing offshore oil and gas extraction industry in Brazil.
The operation will be integrated into Trelleborg Engineered Systems business area.
A press release on the agreement regarding the acquisition was published on March 14, 2011.
Source: Trelleborg