Trelleborg Acquires Composite Hose Supplier Gutteling Group
Trelleborg has, through its Trelleborg Industrial Solutions business area, signed an agreement and finalized the acquisition of the Dutch company Gutteling Group BV. The company develops and sells composite hoses to the chemical industry and is the market leader in hoses for liquefied natural gas (LNG) ship-to-ship transfer. The acquisition complements Trelleborg’s industrial hose, and specifically, composite hose, offering. Composite hoses are mainly used for aggressive chemicals…
Trelleborg Acquires Antivibration Engineering Firm
Trelleborg has, through its business area Trelleborg Industrial Solutions, signed an agreement and finalized the acquisition of Loggers Rubbertechniek B.V., a Netherlands-based privately owned engineering company that provides specially engineered antivibration solutions, principally within marine applications. The company designs and develops solutions that minimize noise and dampen vibrations and shocks, mainly for onboard ship systems. The acquired operation has its head office in Dordrecht, the Netherlands, as well as a sales office in Germany. Sales amounted to approximately SEK 110 M in 2015. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
Trellborg Gains Crogenic Technology
Global engineering group Trelleborg has signed and finalized an agreement which will see its Trelleborg Industrial Solutions business area acquire cryogenic hose system technology from SBM Offshore, a company in floating production and mooring systems. According to Trellborg, thistransaction will enable the company to accelerate and strengthen its offering in the supply of equipment for the floating liquefied natural gas (FLNG) market. Mikael Fryklund, President of the Trelleborg Industrial Solutions business area, commented, “An increasingly popular choice in the offshore oil and gas sector, FLNG vessels are a cost effective and flexible solution for commercializing new gas discoveries in remote deep-water locations.
Trelleborg is Raising the Bar
Trelleborg held its Capital Markets Day on Thursday, 6 December in Berns Salonger, Stockholm, Sweden. At the event, Trelleborg took the opportunity to release new financial targets for the Group and to launch a more focused organizational structure. New financial targets are in line with Trelleborg’s ambitions to increase value creation and to be a world leader in selected market segments and geographic markets. They include organic growth of 5 percent or above as well as an operating margin before interest and tax of 12 percent or above of sales. Return on shareholders’ equity is set to be 15 percent or above. “Trelleborg's new financial targets shall be seen as realistic, reachable and in line with responsible risk taking.
