Trelleborg has finalized the acquisition of Marimatech A/S, a company specializing in marine positioning and piloting systems, primarily in the development of software used for docking or mooring ships offshore or in ports.

The acquisition will broaden and supplement Trelleborg’s product portfolio within berthing, docking and mooring solutions for ports and vessels.

“The acquired company has a successful navigation and ship positioning product line using the latest ‘smart’ technology, which can be used on other marine applications and integrated with our existing range of products. This transaction will enable us to strengthen our offering as an attractive turnkey supplier of marine docking and mooring solutions for owners and managers of ports and vessels.

“Our global footprint within docking and mooring will also provide opportunities to expand the sales of the acquired company. The market prospects for marine systems are favorable, particularly as increasing vessel sizes and new requirements drive the need for a smarter approach to port and terminal efficiency,” said Fredrik Meuller, President of the Trelleborg Offshore & Construction business area.

The acquired company has its head office and production site in Aarhus, Denmark. The company’s global sales totaled approximately SEK 50 M in 2014. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.

The transaction will be consolidated as of December 30, 2015.

(From: World Maritime News)