STOCKHOLM, Sweden—Trelleborg Industrial Solutions has entered into an agreement to purchase Schwab Vibration Control from the Freudenberg Group for an undisclosed amount.
Completion of the transaction, which is expected to be finalized in the fourth quarter, is subject to the approval of relevant authorities.
Headquartered in Velten, Germany, where it also has a production facility, Schwab is a German and Swiss producer of industrial anti-vibration components and systems, mainly for the rail market.
In addition, the acquired firm has engineering and sales offices in Adliswil, Switzerland, and Laudenbach, Germany.
“The acquired business 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,” Mikael Frylund, business area president for Trelleborg Industrial Solutions, said in a news release.
He said that once the transaction is finalized, Trelleborg's market reach will be extended, especially in North America, China, Southeast Asia and India.