ICON advises industrial IoT company Marimatech on its sale to Trelleborg

Trelleborg has acquired Marimatech A/S, a market-leading company in marine positioning and piloting systems, primarily specializing 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.

Marimatech has its head office and production site in Aarhus, Denmark. The company’s global sales totalled approximately SEK 50M in 2014.

Commenting on the acquisition Fredrik Meuller, President of the Trelleborg Offshore & Construction business area said: “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 favourable, particularly as increasing vessel sizes and new requirements drive the need for a smarter approach to port and terminal efficiency”.

Alan Bristow, CEO at ICON Corporate Finance, who acted for Marimatech on the sale, added: “Marimatech’s software solution is unique and ahead of the market. The commercial and operational benefits of this solution are welcomed by all in an industry that has a constant focus on meeting exacting standards for safety, cost and accuracy in all its operations. It is no surprise that it attracted the attention of The Trelleborg Group.”

Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative engineered solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of about SEK 22 billion in over 40 countries. The Group comprises five business areas: Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. In addition, Trelleborg owns 50 percent of TrelleborgVibracoustic, a global leader within antivibration solutions for light and heavy vehicles, with annual sales of approximately SEK 16 billion in about 20 countries. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap.

This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.