Acquisition of remaining shares in Indian sealing operation finalized
Date: 10.04.08
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.