Trelleborg focuses its activities in Trelleborg Automotive - divests Fluid Solutions business unit

Trelleborg focuses its activities in Trelleborg Automotive - divests
Fluid Solutions business unit

Trelleborg, as a part of the effort to focus its activities, has entered
into an agreement to divest its Fluid Solutions operation within the
Trelleborg Automotive business area. The operation will be taken over by
Bavaria Industriekapital AG, located in Munich, Germany.

 “This is a further step in our strategy to focus our operations to
selected segments,” says Peter Nilsson, President and CEO of Trelleborg.
“As a result of this transaction, we are further concentrating our
automotive-related operations. At Trelleborg Automotive, we will now put
even more effort into strengthening our world-leading position in noise
and vibration-damping solutions for the automotive industry.” 

“We are satisfied with this solution,” says Roger Johansson, Business
Area President of Trelleborg Automotive. “The comprehensive measures we
have performed in recent years to improve business in Fluid Solutions
have created an enhanced and sounder operation that will now have the
possibility of further development under a new owner.  Fluid Solutions'
employees have contributed very strong operational and structural work
during a very turbulent period for the automotive industry.”

Fluid Solutions has approximately 1,900 employees and operations in
France, Italy, Poland, Slovakia, Spain, the Czech Republic, Turkey and
Germany. Fluid Solutions manufactures components such as hoses for
engine-cooling and air-supply solutions.

The operations had sales of approximately SEK 1,300 M in 2009 and
recorded a loss. The purchase price amounts to approximately SEK 300 M
based on current working capital level, of which about
SEK 200 M will comprise cash and cash equivalents at the time of the
acquisition. The divestment is estimated to have an accounting capital
loss for Trelleborg of approximately SEK 150 M after tax.

The divestment requires the fulfillment of certain conditions. The
takeover is expected to occur during second quarter 2010.

The Trelleborg Automotive business area had approximately 7,900
employees at year-end 2009 and sales of approximately SEK 8,400 M in
2009. After the divestment, Trelleborg Automotive's operations will
focus on NVH solutions (Noise, Vibration, Harshness; noise and
vibration-damping solutions) for the automotive industry.

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 had
annual sales during 2009 of approximately SEK 27 billion, with about
20,000 employees in 40 countries. The Group comprises four business
areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg
Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has
been listed on the Stockholm Stock Exchange since 1964 and is listed on
the OMX Nordic List, Large Cap.   www.trelleborg.com

 

For further information, please contact:
Media: Vice President Media Relations Mikael Sjöblom, +46 410 670 15,
+46 733 74 70 15,
mikael.sjoblom@trelleborg.com (mikael.sjoblom@trelleborg.com) 
Investors/analysts Vice President IR Conny Torstensson, +46 410 670 70,
+46 734 08 70 70,
conny.torstensson@trelleborg.com (conny.torstensson@trelleborg.com)

This information is such that Trelleborg AB (publ) must disclose in
accordance with the Swedish Securities Market Act and/or the Financial
Instruments Trading (Market Abuse Penalties) Act. This information was
submitted for disclosure on 2010-05-31 at 08:00.