Trelleborg Sealing Solutions has signed an agreement to acquire Automated Dynamics, a U.S.-based, privately-owned manufacturer of advanced composite components.
In a June 23 statement, the Swedish rubber engineering company said composites were “a strategic, adjacent technology” which offered Trelleborg high potential in multiple industries.
“The acquired company provides key capabilities in composites, bringing new competences to Trelleborg Sealing Solutions,” said Claus Barsoe, president of the Trelleborg Sealing Solutions business area.
Based in Niskayna, New York, Automated Dynamics reported sales of $7.39 million in 2016 and is specialized in the design and manufacture of composite structures and automated equipment. The firm, which is active in aerospace, defence, oil & gas and automotive industries, provides Trelleborg with new product opportunities, specifically within the aerospace and oil & gas markets, Barsoe said.
The Swedish company also expects to leverage Automated Dynamics’ expertise in production automation into its other manufacturing facilities.
Trelleborg said the acquistion should be completed in the third quarter of 2017, upon approval of relevant authorities. Financial details about the transaction were not disclosed.
Source: Rubber News
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