3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||28 Feb 2007|
|Customer:||Trelleborg Treasury AB|
|Amount in EUR:||EUR 50 million|
|NACE sector / loan type:||Manufacture of machinery and equipment n.e.c.|
|Business area:||Industries and services|
The loan totalling EUR 50 million is aimed at Trelleborg's acquisition of the engineering company CRP Group operating primarily in the UK and US. The acquisition will make Trelleborg a global technical and market leader in polymer systems and solutions for a range of different offshore subsea oil and gas projects. Considerable synergies are expected from coordination with other business areas, especially within R&D and technical development as well as in marketing and sales. It will strengthen Trelleborg's business structure and is in line with the company's strategy to create future value by focusing on growth through the acquisition of operations in attractive segments. Founded in 1905, Trelleborg AB is a global industrial group providing high-performance solutions that damp, seal and protect in demanding industrial environments. The group has 22,000 employees in 40 countries.
Trelleborg's acquisition of CRP Group will not change any of the known and manageable environmental impacts. A majority of Trelleborg's operations are certified according to ISO 14001. The acquired CRP plants are expected to obtain ISO 14001 certificates by the end of 2008.