AI assistant
Trelleborg — M&A Activity 2008
Apr 10, 2008
2985_rns_2008-04-10_0066e61b-d157-4b3b-b3cd-99e496fa2e97.pdf
M&A Activity
Open in viewerOpens in your device viewer
Press release Trelleborg, April 10, 2008
Acquisition of remaining shares in Indian sealing operation finalized
Trelleborg's acquisition of outstanding privately owned minority share (20 percent) in Trelleborg Sealing Solutions India has now been finalized and thereby becoming sole owner of the company. This acquisition is a part of Trelleborg's ongoing and future investment in Asia, where India constitutes one of the key markets.
Trelleborg Sealing Solutions India is located in Bangalore, has approximately 120 employees and sales of approximately SEK 80 million.
The acquisition has an insignificant impact on the Trelleborg Group's earnings and financial position.
Further information can be obtained from Mikael Sjöblom, Trelleborg's Vice President Media Relations, +46 (0)410-670 15, +46 (0)733-74 70 15 or Conny Torstensson, Vice President Investor Relations, +46 (0)410-670 70, +46 (0)734-087 070.
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and indepth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group had annual sales 2007 of approximately SEK 31 billion, with about 25,000 employees in 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the OMX Nordic List, large cap. www.trelleborg.com
This information is such that Trelleborg AB (publ) must disclose in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading (Market Abuse Penalties) Act. This information was submitted for disclosure on April 10, 2008
________________________________________________________________________________________________________________
________________________________________________________________________________________________________________