Trelleborg acquires Gummiteknik GTM AB

Through its Trelleborg Engineered Systems business area, Trelleborg has signed an agreement to acquire Swedish company Gummiteknik GTM AB, with approximately 30 employees and annual sales of about £2.6 million. Gummiteknik is privately owned and is based in Bålsta, on the outskirts of Stockholm.

Gummiteknik is a producer of short and medium series rubber components, primarily for the engineering and construction industries. The production methods include injection moulding, hot extrusion and pressing of material combinations (rubber/metal and rubber/plastic).

“Gummiteknik is one of Sweden’s most successful smaller companies in its specialised area and has shown a high degree of expertise in developing complex products for various applications,” said Lennart Johansson, President of Trelleborg Engineered Systems. “In combination with Trelleborg’s similar operations, the acquisition will also generate synergies in purchasing and production.”

The transfer is expected to take place on March 1, 2007.