Trelleborg acquires ČGS Holding

Trelleborg has signed an agreement to acquire ČGS Holding a.s. – a privately-owned company with leading positions in agricultural and specialty tyres as well as engineered polymer solutions.

The total cash consideration amounts to approximately SEK 10.9 billion on a cash and debt-free basis.

ČGS is headquartered in the Czech Republic and generated sales of approximately SEK 5,525 billion in the rolling 12-months period ended 30 June, 2015, with a corresponding EBIT-margin of 16 percent.
 
Closing of the transaction is subject to approvals from relevant competition authorities and is expected to be completed in the first half of 2016.
 
“I am very proud to announce this highly complementary acquisition, which is a significant and attractive add-on to our existing businesses. ČGS, with its strong and well performing operations in agricultural and industrial tyres as well as engineered polymer solutions, will strengthen and complement Trelleborg’s already leading positions in a number of existing areas,” says Peter Nilsson, president and CEO of Trelleborg.
 
“Trelleborg is a trustworthy strategic partner possessing a comprehensive vision for the development of ČGS HOLDING and we are confident that Mitas, Rubena and Savatech rubber manufacturing business will be placed in capable hands,” says CGS spokeswoman Vera Bechynova.