STOCKHOLM, Sweden—Trelleborg Industrial Solutions has acquired Loggers Rubbertechniek B.V. in a transaction aimed at bolstering Trelleborg's marine operations.
Loggers designs and develops products that minimize noise and dampen vibrations and shocks, mainly for onboard ship systems.
Financial details were not disclosed. The transaction closed March 8.
Based in the Dordrecht, Netherlands, Loggers also operates a sales office in Germany. It recorded sales of about $121 million in 2015.
The bolt-on acquisition is part of Trelleborg's strategy to strengthen its positions in attractive market segments, according the Trelleborg.
“Loggers is a niche company with recognized skilled engineers at the forefront of the design and development of anti-vibration solutions,” Mikael Fryklund, business area president for Trelleborg Industrial Solutions, said in a statement.