Trelleborg acquired ?GS Holding a.s. – a privately-owned company with leading positions in agricultural, industrial and specialty tyres as well as engineered polymer solutions. Trelleborg also acquired ?GS subsidiary Mitas.
The acquisition amounts to around SEK 10.9 billion on a cash and debt-free basis and is expected to be completed in the first half of 2016.
“I am very proud to announce this highly complementary acquisition, which is a significant and attractive add-on to our existing businesses. ?GS, with its strong and favorably performing operations in agricultural and industrial tyres as well as engineered polymer solutions, will strengthen and complement Trelleborg’s already leading positions in a number of existing areas,” says Peter Nilsson, President and CEO of Trelleborg.