Further development of antivibration solutions for light and heavy vehicles
Trelleborg and Freudenberg formed in July 2012 a 50/50 joint venture in antivibration solutions for light and heavy vehicles, TrelleborgVibracoustic. The company is located close to Darmstadt, Germany.
The joint venture comprise of Trelleborg's earlier operation in antivibration solutions and Freudenberg's corresponding operation, Vibracoustic. At year-end 2011/2012, the combined annual sales were approximately SEK 13.4 billion, of which Trelleborg Automotive accounted for approximately SEK 7.1 billion.
A world-leading position
TrelleborgVibracoustic attains a world-leading position in antivibration solutions for light and heavy vehicles. It offers automakers across the globe the market’s best geographical coverage in terms of manufacturing and engineering and the most complete range of antivibration products and solutions.
This is because Trelleborg and Freudenberg had strong positions in the market. The companies’ customer portfolios complemented each other favorably, while Trelleborg’s broad geographical presence was complemented by Freudenberg’s product portfolio.
Supervisory Board and Management Board
The Management Board of TrelleborgVibracoustic consists of Jim Law and Lennart Johansson, both from the Trelleborg Group, and Hans-Jürgen Goslar and Norbert Schebesta, both from the Vibracoustic Management Board. Spokesperson for TrelleborgVibracoustic is Hans-Jürgen Goslar.
Trelleborg's President and CEO Peter Nilsson is Chairman of the Supervisory Board.
TrelleborgVibracoustic in Trelleborg’s financial reporting
Trelleborg’s participation in the joint venture is recognized using the equity method. The Group’s share of profits in the company is recognized in the income statement under the item “Share of profit or loss in associated companies before tax” and included in operating profit and on the line “Tax on share of profit or loss in associated companies,” which is recognized as a tax expense.
Detailed information on TrelleborgVibracoustic can found on the company’s website www.tbvc.com