Fenner Dunlop completes the acquisition of Technobalt Eesti
Fenner Dunlop through the Michelin group completed the acquisition of Technobalt Eesti, under the terms announced on February 11th, 2021, and after obtaining all of the necessary approvals for the transaction.
Technobalt, headquartered in Tallin, Estonia has branch offices in Latvia and Lithuania and is a respected provider of support services for conveyor operators. Their current sales and service network includes industrial companies in the most important regions in the Baltics. Technobalt’s wide range of services includes belt splicing (including PVC & PU belts), pulley lagging, maintenance, and conveyor renovation. Their primary areas of activity include waste management, mining, quarrying, energy, and paper industries, which perfectly aligns with the service division of Fenner Dunlop, which is known as Dunlop Service International.
Although, as with the other divisions of Fenner Group, Technobalt will be part of the Michelin group, from a strictly operational point of view they will become a new Dunlop Service International operation, responsible for the Baltic States. Dunlop Service International is a worldwide network of sales and service centers operating in the Netherlands, United Kingdom, Italy, Spain, United Arab Emirates, Ghana, and Morocco. They built an enviable reputation for service quality over the years working in a wide cross-section of different industries.
“By joining forces under the umbrella of Michelin and by using the respective expertise of both Technobalt and Dunlop Service International to full advantage, we can ensure the growth of our services and maintenance divisions, providing best in class services and innovative products”.
Hans Derwig Dunlop Service International.
Through market research and discussions between Fenner Dunlop, Michelin, and Technobalt Eesti significant opportunities have already been identified.
For Company Information:
Hans Derwig Managing Director Dunlop Service International
Tel: +31 (0)512 585 515
Mobile: +31 (0)6 20 49 88 26
www: www.dunlopcb.com / www.dunlopservice.com
9203 ZN Drachten