Swedish engineering group Trelleborg has, through its business area Trelleborg Offshore & Construction, signed an agreement and finalised the acquisition of UK company Ambler Technologies Ltd.
The company develops and produces composite materials that create strictly specified buoyancy and insulation properties in applications used primarily in deep-sea environments. The acquisition provides Trelleborg with access to expertise and expanded production capacity of strategically important components. It also strengthens Trelleborg’s position in oil and gas exploration and extraction, particularly in buoyancy modules for Remotely Operated Vehicles (ROVs).
ATL was founded in 1969, originally named Ambler Patterns. The company has since grown into a technology business specialising in the development and production of composite products for a wide range of technical industries. The company’s head office and production facility are located outside the city of Manchester, Net sales in 2012 amounted to approximately SEK 50 M with good profitability. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen positions in attractive and profitable market segments.