You are here: / / / Trelleborg finalises acquisition of Mitas manufacturer, CGS Holding

Trelleborg finalises acquisition of Mitas manufacturer, CGS Holding

Author: Andrew Bogie Comments: 0
Trelleborg has completed its acquisition of CGS Holding

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.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

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
  3. Kenda buys Starco
  4. ‘Planning, communication’ help Trelleborg implement plans during pandemic
Comments
Comments closed
Share this entry
Euro Car Parts launches £1 million mobile optimised website, including Click... Red Marlin appoints account manager

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.