Trelleborg divests light-vehicle component operation
Swedish firm Trelleborg has already indicated its intention to focus more intently on specific aspects of its business, and another move towards this goal is the divestment of its French light-vehicle component operation. The business, a unit within Trelleborg Automotive, has been sold to Germany’s Bavaria Industriekapital AG; financial and other details regarding the divestment will be published in Trelleborg’s Interim Report on 15 February.
“With this divestment, Trelleborg will achieve a more concentrated automotive-related operation that we can continue to develop,” said Jim Law, business area president of Trelleborg Automotive. “At the same time, we are delighted that a new owner will take control of the now divested operation, which includes a highly advanced technical centre and a strong European customer base.”