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Trelleborg finalises acquisition of Mitas manufacturer, CGS Holding

Company News, Premium

Trelleborg has finalised its acquisition of leading agricultural, industrial and specialty tyre manufacturer, CGS Holding as. The total cash consideration amounted to approximately 10.9 billion Swedish krona (approximately £0.91 billion) on a cash and debt-free basis. CGS is headquartered in the Czech Republic and generated sales of approximately SEK 5.6 billion (£0.47 billion) in 2015 with an operating margin of 16.5 percent. The Czech company also produces engineered polymer solutions.

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Related news:

  1. Trelleborg acquires Mitas parent company, CGS Holding
  2. The Mitas touch – a new plant, agri tyre ‘revolution’, and a changing brand focus
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  4. ‘Planning, communication’ help Trelleborg implement plans during pandemic
1st June 2016/by Andrew

Trelleborg acquires Mitas parent company, CGS Holding

Company News, Premium

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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Related news:

  1. Trelleborg finalises acquisition of Mitas manufacturer, CGS Holding
  2. The Mitas touch – a new plant, agri tyre ‘revolution’, and a changing brand focus
  3. Preparing for re-entry: Continental returns to agri tyres with Project LousAgro
  4. ‘Planning, communication’ help Trelleborg implement plans during pandemic
9th November 2015/by Andrew

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