Trelleborg

Trelleborg Group has, through its business area Trelleborg Industrial Solutions, signed an agreement to acquire BP-Tech Group, including Boldan and Spraypoxy, a Finnish pipe repair specialist.

Headquartered in Rajamäki, Finland, the business is an innovation leader for trenchless pipe repair including liners, resins, and specialist equipment. Sales in 2023 amounted to just over SEK 220 M in 24 countries worldwide. The business has a strong portfolio including a proprietary spray-in-place solution and offers industry leading contractor training.

“This acquisition strengthens Trelleborg’s leading position in a fast-growing industry. Aging infrastructure in Europe and North America sees between 25 and 50 percent of piped water lost to leaks annually with significant cost and environmental consequences. Trenchless technology is a sustainable and cost-effective solution that allows critical infrastructure to be repaired rapidly and with minimum disruption to property owners” says Jean-Paul Mindermann, President of the Trelleborg Industrial Solutions business area.

The pipe repair market is forecast to grow strongly over the coming years as utility companies and civic authorities address critical infrastructure. Trelleborg has made a number of recent investments, including acquisitions, in response to growing demand around the world.

The transaction is expected to be finalized in the second quarter of 2024.