Trelleborg said it has, through its business area Trelleborg Sealing Solutions, signed an agreement to acquire the U.S.-based privately-owned Automated Dynamics, a specialist manufacture of advanced composite components.
The transaction, which is subject to the approval of the relevant authorities, is expected to be finalized in the third quarter of 2017.
Trelleborg said it sees composites as a strategic, adjacent technology with high potential in multiple industries, and the bolt-on acquisition is part of its strategy to strengthen its positions 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,” said Claus Barsøe, President of the Trelleborg Sealing Solutions business area. “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.”
Automated Dynamics is located in Niskayuna, N.Y. Its sales amounted to approximately SEK 65 M in 2016.