Swedish engineered polymers firm Trelleborg Group says it has signed an agreement to divest a Czech operation in automotive components that is currently recognised under group activities. In 2022, the divested operation reported annual sales of approximately SEK 450 million and made a minor loss.
It adds the sale has only an insignificant impact on the group’s EBITA and profit after tax. The buyer is Kaprain, a Czech investment group. Located in Hradec Kralove in the Czech Republic, the operation develops and manufactures primarily anti-vibration solutions for the chassis and engines of automotive light and heavy vehicles.
“It is gratifying to be able to announce this divestment. Anti-vibration solutions for automotive light and heavy vehicles is not a core business for us. We are therefore pleased to have found a new owner who wants to develop the operation further with a clearer regional focus,” says Peter Nilsson, President/CEO of Trelleborg Group.
The divestment is expected to be finalised during the fourth quarter of 2023.