09 April 2013 08:52 [Source: ICIS news]
SINGAPORE (ICIS)--Trelleborg has acquired UK-based Ambler Technologies which strengthens its position in oil and gas exploration and extraction, particularly in buoyancy modules for remotely operated vehicles (ROVs), the Swedish sealants group said on Tuesday.
With this acquisition, Trelleborg will have access to expertise in creating specified buoyancy and insulation properties. Furthermore, it will have expanded production capacity of strategically important components, the company said in a statement.
“With a focus on customer-centric development, we are moving in the direction of increasingly engineered polymer solutions with a higher technology and knowledge content,” said Fredrik Meuller, president of the Trelleborg Offshore & Construction business area.
This move is in line with Trelleborg’s strategy to strengthen its position in the attractive and profitable market segments.
Financial details of the acquisition were not provided.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections