Weinheim, August 10, 2016. Yesterday evening the Freudenberg Group signed a contract with Trelleborg AB, Trelleborg, Sweden, under which Trelleborg is to acquire the business of Schwab Vibration Control. The transaction is to be completed in the third quarter of 2016 and is still subject to approval by the competent authorities.
Over the past decades, Schwab Vibration Control has established itself as a technology leader in the market for vibration control solutions for railway rolling stock and general industry. Schwab Vibration Control is headquartered and has its production site in Velten, Germany. It also has engineering and sales offices in Adliswil, Switzerland and Laudenbach, Germany.
Schwab Vibration Control offers a broad and complementary product portfolio to Trelleborg, mainly within anti-vibration for rail original equipment manufacturers and rail authorities, off-highway vehicles and dedicated industrial segments, primarily in Europe. Trelleborg´s application expertise within anti-vibration will be further enhanced; Schwab offers world-class cutting-edge engineering and solutions. In addition to increased sales and engineering resources in Europe, the combined offering will also be extended in markets such as North America, China, South East Asia and India. In this context, there are long-term prospects for Schwab Vibration Control to continue to growth and to continue to expand internationally.
Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative engineered solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of about SEK 30 billion in over 40 countries. The Group comprises five business areas: Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions and Trelleborg Wheel Systems, and the operations of Rubena and Savatech. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap.