Fenner subsidiary acquires Australia-based Transeals

Hallite Seals Australia, a wholly owned subsidiary of Fenner, has exchanged contracts to purchase 100 per cent of the share capital of Transeals, a privately owned company based in Perth, Australia.

The transaction is expected to be completed in early September 2011.

Transeals manufactures and distributes seals used in hydraulic equipment, currently serving the western parts of Australia.

Engineering group Fenner claims this acquisition will help develop its aftermarket presence in the mining and oil and gas markets of Western Australia.