Trelleborg divests its operations in brake hoses for light vehicles- continues concentration on selected segments


Trelleborg divests its operations in brake hoses for light vehicles-
continues concentration on selected segments

Trelleborg has signed an agreement to divest its operations in brake
hoses for light vehicles, which is located in Brazil and is part of the
Trelleborg Automotive business area. The buyer is the French company
Flexitech. This divestment is a further step in the Trelleborg Group's
strategy of focusing on selected segments.

“This is a good solution,” says Jim Law, President of the Trelleborg
Automotive business area. “This is the only operation in Trelleborg
within this product area. It is a local operation in Brazil and the
effort required to develop the business to the next level would require
a major strategic shift. Accordingly, we have chosen to divest the
operation to make way for other investments. “

Trelleborg Automotive has long had a major operation in Brazil in the
area of antivibration for light vehicles, which has performed extremely
well. The divestment will enable further focusing on this operation.

The divested business has annual sales of approximately SEK 140 M and
slightly more than 200 employees. All sales are made in the Brazilian
market.

The purchase consideration amounts to approximately SEK 65 M. In
addition to the purchase consideration, Trelleborg will retain assets
primarily related to the infrastructure in an amount of approximately
SEK 30 M. The acquisition is dependent on the approval of the
appropriate authorities and is expected to be completed during the first
quarter of 2011.

The Trelleborg Automotive business area is world-leading in the
development and production of polymer-based components and systems for
noise and vibration damping for cars, light vehicles and heavy trucks.
The business area has about 7,000 employees.

For further information, please contact:

Media: Vice President Media Relations Mikael Sjöblom, +46 (0)410 67015,
+46 (0)733 74 70 15, mikael.sjoblom@trelleborg.com

Investors/analysts: Vice President IR Conny Torstensson, +46 (0)410
67070, +46 (0)734 087070, conny.torstensson@trelleborg.com

Attachments

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