Agreement with Trelleborg Group signed
We are very pleased to inform you that I.S.T. Innovative Sewer Technologies GmbH has signed an agreement with Trelleborg Group, represented by its business area Trelleborg Industrial Solutions, on 11.10.2022 to take over the business operations of I.S.T. Group.
The swedish company Trelleborg, based in the southern Swedish city of Trelleborg, about 30 km south of Malmö, is a world-leading supplier of engineering polymer solutions for critical sealing, damping and protection applications, especially in demanding environments.
Trelleborg has more than 21,000 employees in 48 countries around the world, annual sales of almost €3 billion and has been listed on the Stockholm Stock Exchange (Nasdaq Stockholm, Large Cap.) since 1964.
Trelleborg’s vision is to always be the first choice in the different market segments for its customers and to offer added value through its technical solutions.
The I.S.T. Group has been pursuing identical goals for many years and offers its customers unique and, in some cases, patented solutions worldwide in the fields of robotics, equipment (such as UV systems) and consumables for pipe and sewer rehabilitation.
The management of the I.S.T. Group is extremely happy to now have a very strong partner in Trelleborg, which pursues identical goals, can provide the necessary backing for further development, can support with its pronounced expertise in many areas and can contribute some synergies to the desired growth through already existing resources in our business area.
The transaction is expected to be fully completed before the end of 2022.