Trelleborg Group has finalized the acquisition of an operation within sewer and drainage pipe rehabilitation. The operation is part of the German-based privately owned company Innovative Sewer Technologies. The acquisition complements Trelleborg’s current trenchless pipe repair offerings with new technology and materials.
The operation has its head office and manufacturing in Bochum, Germany, with sales offices in Europe and North America, and a network of independent distributors. Sales amounted to approximately SEK 200 M in 2021.
The transaction will be consolidated as of November 30, 2022.
A press release regarding the acquisition was published on October 11, 2022.