Trelleborg has completed the formation of the joint venture in antivibration solutions

Date: 03.07.12

Trelleborg and Freudenberg have completed the formation of the joint venture in antivibration solutions for light and heavy vehicles, TrelleborgVibracoustic.

“I am very pleased that the joint venture now is operational. We have formed a global leader in antivibration solutions, a growing segment within the automotive industry,” says President and CEO Peter Nilsson. “Trelleborg as a Group will consequently be part of an operation with even higher growth and profitability potential than the antivibration operation we had before. It will create greater value for Trelleborg to come.”

The joint venture comprises 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.

Trelleborg's President and CEO Peter Nilsson is Chairman of the Supervisory 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 participation in the 50/50 joint venture TrelleborgVibracoustic 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.

For more information about TrelleborgVibracoustic, please visit the company’s website www.tbvc.com.

For further information, please contact:
Media: Vice President Media Relations Karin Larsson, 46 (0)410 67094, 46 (0)733 747015, karin.larsson@trelleborg.com
Investors/analysts: Vice President IR Christofer Sjögren, 46 (0)410 67068, 46 (0)708 665140, christofer.sjogren@trelleborg.com

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 has annual sales of about SEK 22 billion, with about 15,500 employees in over 40 countries. The Group comprises three business areas: Trelleborg Sealing Solutions, Trelleborg Wheel Systems, and Trelleborg Engineered Systems. In addition, Trelleborg owns 50 percent of TrelleborgVibracoustic, a global leader within antivibration solutions for light and heavy vehicles, with annual sales of SEK 13 billion and about 8 000 employees in over 18 countries. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the NASDAQ OMX Nordic List, Large Cap.
www.trelleborg.com

Press release