For Trelleborg, composites are a strategic, adjacent technology that has a high potential in multiple industries.
23 Jun 2017 | 4358 Views | By Autocar Pro News Desk
Sweden-based engineering group Trelleborg, through its business arm Trelleborg Sealing Solutions, has signed an agreement to acquire the US-based Automated Dynamics, which specialises in the manufacture of advanced composite components. For Trelleborg, composites are a strategic, adjacent technology that has a high potential in multiple industries.
Automated Dynamics, based ...
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Sweden-based engineering group Trelleborg, through its business arm Trelleborg Sealing Solutions, has signed an agreement to acquire the US-based Automated Dynamics, which specialises in the manufacture of advanced composite components. For Trelleborg, composites are a strategic, adjacent technology that has a high potential in multiple industries.
Automated Dynamics, based in Niskayuna, New York, had sales of SEK 65 million (Rs 53 crore) in 2016. This acquisition is part of Trelleborg’s strategy to strengthen its position in attractive market segments.
“The acquired company provides key capabilities in composites, bringing new competences to Trelleborg Sealing Solutions. We already see many opportunities for new products, applications and materials for the aerospace and oil and gas markets, and in the long-term also for other markets. The acquired company’s expertise in automation of the production of composite products is impressive and should be possible to leverage into other manufacturing facilities,” said, Claus Barsøe, president, Trelleborg Sealing Solutions.