STOCKHOLM, Sweden, March 30, 2005 (PRIMEZONE) -- Trelleborg Engineered Systems, a business area within the Trelleborg Group, has signed an agreement to acquire operations related to the tunnel seals product area. The selling party is VIP Heinke Ltd. in the U.K. This will strengthen Trelleborg Engineered Systems' position as a leading global supplier of tunnel seals and, following the acquisition, the business area will be able to offer a full range of tunnel seals for both bored and immersed tunnels.
The acquired assets will be fully integrated with Trelleborg Engineered Systems' existing global tunnel-seals operations, at which time they are expected to contribute SEK 25-30 M in additional annual sales. It is estimated that the newly added operations will provide a positive contribution to earnings already during 2005.
Trelleborg is a global industrial group. Operations are based on spearhead competence within polymer materials and a high level of industrial know-how, combined with functional solutions and systems designed to meet the needs of our customers. The Trelleborg Group has annual sales of approximately SEK 23 billion, with about 22,000 employees in 40 countries. Trelleborg consists of five business areas: Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg Engineered Systems, Trelleborg Building Systems and Trelleborg Sealing Solutions. The Trelleborg share has been quoted on the A list of Stockholmsborsen since 1964.
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