Trelleborg acquires remaining shares in Indian sealing operation Through its Trelleborg Sealing Solutions business area, Trelleborg has entered into an agreement to acquire an outstanding privately owned minority share (20 percent) in Trelleborg Sealing Solutions India, 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 has held a majority share in the company since the acquisition of Polymer Sealing Solutions in 2003. Trelleborg Sealing Solutions India is located in Bangalore, has approximately 120 employees and sales of approximately SEK 80 million. The unit consists of a marketing company and a production unit that manufactures seals for both the Indian, other Asian and the European markets. “This is a natural and significant step in our continued growth in India. Being the sole owner facilitates our continued transfer of business and technology to this growing market,” says Claus Barsøe, Business Area President, Trelleborg Sealing Solutions. The acquisition has an insignificant impact on the Trelleborg Group's earnings and financial position. Further information can be obtained from Trelleborg Corporate Communications, +46 (0)410-670 00 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 in-depth 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
Trelleborg acquires remaining shares in Indian sealing operation
| Quelle: Trelleborg AB