Trelleborg Acquires Gummiteknik GTM AB.STOCKHOLM, Sweden -- Through its Trelleborg Engineered Systems business area, Trelleborg (STO:TRELB) has signed an agreement to acquire Swedish company Gummiteknik GTM See Good-this-Month order. AB, with approximately 30 employees and annual sales of about SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 36 M. Gummiteknik is privately owned and is based in Balsta, on the outskirts of Stockholm. Gummiteknik is a producer of advanced rubber components in short and medium series for the engineering and construction industries, among others. The production methods include injection molding injection molding n. A manufacturing process for forming objects, as of plastic or metal, by heating the molding material to a fluid state and injecting it into a mold. , hot extrusion and pressing of material combinations (rubber/metal and rubber/plastic). "Gummiteknik is one of Sweden's most successful smaller companies in its specialized area and has shown a high degree of expertise in developing complex products for various applications," says Lennart Johansson Lennart Johansson (born 5 November, 1929) was the president of UEFA, the Union of European Football Associations from 1990 until 2007. Born in Sweden, Johansson lives in Stockholm and was the president of local football club AIK's football section until he stepped down in , 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. 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 27 billion, with about 24,000 employees in 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. since 1964 and is listed on the OMX OMX Office Max (stock symbol) Nordic List, large cap. www.trelleborg.com This information was brought to you by Waymaker http://www.waymaker.net |
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