Trelleborg acquires Mitas parent company, CGS Holding

9th November 2015 | 0 Comments
 
Trelleborg acquires Mitas parent company, CGS Holding
The new Mitas HCM tyre has 'cascading lugs' similar to new parent company Trelleborg's ProgressiveTraction technology 'double-lug'

Trelleborg has signed an agreement to acquire the Czech Republic’s CGS Holding a.s. for approximately 10.9 billion Swedish Krona (£830 million) on a cash and debt-free basis. The privately-owned company is active in the agricultural and specialty tyre business segments, including the strong Mitas tyre brand, as well as engineered polymer solutions. Closing of the transaction is subject to approvals from relevant competition authorities and is expected to be completed in the first half of 2016.

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