Trelleborg Sealing Solutions has entered into an agreement to acquire an outstanding privately owned minority share (20 percent) in Trelleborg Sealing Solutions India, thereby becoming sole owner of the company. This acquisition is part of Trelleborg’s ongoing and future investment in Asia, where India constitutes one of the key markets.
Trelleborg has held a majority share in the company since the acquisition of Polymer Sealing Solutions in 2003. Trelleborg Sealing Solutions India is located in Bangalore and has approximately 120 employees. The unit consists of a marketing company and a production unit that manufactures seals for both the Indian, other Asian and the European markets.
“This is a natural and significant step in our continued growth in India. Being the sole owner facilitates our continued transfer of business and technology to this growing market,” says Claus Barsøe, Business Area President, Trelleborg Sealing Solutions.