Trelleborg’s acquisition of manufacturer of precision seals for semiconductor production equipment finalised

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Published on
April 17, 2024

Trelleborg Group has finalised the acquisition of South Korean MNE Group specialised within precisionseals for semiconductor production equipment.

The headquarters and manufacturing facility are located in Yongin, just outside Seoul. MNE Groupgenerated approximately SEK 300 M in revenue in 2023. The acquisition is part of Trelleborg's strategy togrow in the expanding semiconductor industry.

The transaction will be consolidated as of today.

Trelleborg is a world leader in engineered polymer solutions that protect critical applications in demandingenvironments. Its innovative solutions accelerate performance for customers in a sustainable way. In 2023,The Trelleborg Group had annual sales of approximately SEK 34 billion in around 40 countries. The Groupcomprises three business areas: Trelleborg Industrial Solutions, Trelleborg Sealing Solutions and TrelleborgMedical Solutions. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed onNasdaq Stockholm, Large Cap.

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