TRELLEBORG, Sweden--(BUSINESS WIRE)--Regulatory News:
Trelleborg’s acquisition of UK-company Watts Tyre Group was finalized on February 4, 2011. Watts has annual sales of approximately SEK 300 M and about 210 employees. The acquisition strengthens Trelleborg’s world-leading position in industrial tires, through geographic expansion and an increased presence in the aftermarket.
The operation will be integrated into Trelleborg Wheel Systems business area.
A press release on the agreement regarding the acquisition was published on November 24, 2010.
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
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