# Trelleborg acquires MNE Group, South Korean precision seals manufacturer

Trelleborg, through Trelleborg Sealing Solutions, signed an agreement to acquire MNE Group (Materials Nano Engineering and Materials Nano Solution), a South Korean manufacturer of high-performance specialty seals for semiconductor production equipment. The purchase price is approximately SEK 650 million on a cash and debt-free basis.

- Type: Acquisition
- Announced: 2023-12-20
- Where: Yongin, South Korea
- Value: $63.0M (650.0M SEK)
- Status: announced
- Products: precision seals for semiconductor production equipment
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Trelleborg](https://endata.com/companies/1933.md) (acquirer)
- [MNE Group](https://endata.com/companies/74540.md) (target)

## Sources

- [view.news.eu.nasdaq.com](https://view.news.eu.nasdaq.com/view?id=b66a87e4dc098cbdd59a5d8218a1cc8bf&lang=en&src=listed), 2023-12-20: "Through MNE Group, we gain established customer contacts with some of the world's largest semiconductor manufacturers in the largest local market for semiconductors globally."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.