Trelleborg is making organizational changes in order to further strengthen and focus the Group. Trelleborg Automotive will be focused on antivibration solutions. Trelleborg Automotive’s other operations – polymer boots for drive shafts and steering applications and noise damping solutions for brake systems – will be strengthened by integrating them into Trelleborg Engineered Systems and Trelleborg Sealing Solutions respectively. Through this, the operations will benefit from better efficiency, footprint and access to global marketing structures. The operations had 2011 annual sales of about SEK 600 M and about SEK 750 M respectively. Altogether, Trelleborg’s offerings to customers will be strengthened.
Trelleborg Engineered Systems will be focused on three prioritized areas: offshore and infrastructure construction, general industrial applications and polymer-coated fabrics for advanced industrial applications. Three people will assume new positions in Trelleborg’s Group Management: Denis Blanc, Mikael Fryklund and Dario Porta. Trelleborg’s President and CEO Peter Nilsson will be overall responsible for Trelleborg Engineered Systems.
Lennart Johansson, Trelleborg Engineered Systems current President, and current President of Trelleborg Automotive, Jim Law, have been appointed as Trelleborg Group’s representatives in the management board of the joint venture of antivibration solutions for light and heavy vehicles that is planned between Trelleborg and Freudenberg. President and CEO Peter Nilsson will become the company’s Chairman. Completion of the transaction is subject to the approval of the relevant competition authorities. Information about the planned joint venture was released on February, 1, 2012.
“We are preparing for the joint venture of antivibration solutions for light and heavy vehicles by concentrating Trelleborg Automotive into a business entirely focused on solutions for antivibration,” says President and CEO, Peter Nilsson. “Those operations that will be integrated into other parts of the Group will have a better foundation for continued development and growth. We are also strengthening Trelleborg Engineered Systems with a more efficient organization, with shorter decision-making and even more active portfolio management as they will be focused on prioritized areas,” concludes Peter Nilsson.
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
This is information of the type that Trelleborg AB (publ) is obligated to disclose in accordance with the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was issued for publication on February 8, 2012, at 09:00 a.m.
ABOUT TRELLEBORG
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 2010 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
