Through its Building Systems business area, Trelleborg has signed an agreement to acquire Epros GmbH and Epros International Ltd., with approximately 30 employees and annual sales of about SEK 90 million. Epros is privately owned and located in Duisburg, Germany, and St Albans, UK.
Epros is a niche leader in the after-market for pipe systems, specialized in trenchless repairs. The methods to seal leaking pipes and improve structural stability in pipe systems include the use of materials such as impregnated polyester fabrics and EPDM.
"Epros is an excellent complement to our existing pipe seals business," says Peter Suter, President of Trelleborg Building Systems. "When combined with Trelleborg's polymer expertise and infrastructure, the acquisition will enable us to capitalize on the rapidly expanding market for internal pipe sealing. This kind of after-market services has a number of commercial synergies with our other products and services."
The acquisition is expected to be completed in January 2007.
Trelleborg Building Systems is a leading supplier of polymer-based and bitumen-based construction products for sealing and water-repellant applications within industry and the consumer market. Trelleborg Building Systems has annual sales of approximately SEK 2.5 billion, with about 1,500 employees. Production units are located in Sweden, Denmark, Finland, Poland, Germany, Spain, the UK, and the United States.
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group has annual sales of approximately SEK 24 billion, with about 23,000 employees in 40 countries. The Group comprises five business areas: Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg Engineered Systems, Trelleborg Building Systems and Trelleborg Sealing Solutions. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the OMX Nordic List, large cap, from October 2, 2006.
