According to Trelleborg, the South Korean operation is expected to generate about $28 million in revenue this year, with an earnings margin "in line with the TSS business area."
The purchase, Trelleborg Sealing President Peter Hahn said, provides "established customer contacts with some of the world's largest semiconductor manufacturers in the largest local market for semiconductors globally.
"With South Korea as a base, we plan to grow further in other Asian markets," Hahn added, noting significant potential sales synergies for Trelleborg, which has prioritized semiconductors as a "growth area."
MNE's "expertise and local capacity"—along with Trelleborg's technology, R&D and global network—should accelerate growth in the "rapidly expanding and profitable market segment," he said.
According to Trelleborg, semiconductor chips are manufactured in high-tech facilities with "extreme requirements for purity and plasma resistance."
"Process tools and manufacturing equipment require special seals that offer outstanding performance in sealing these applications," the group added.