Trelleborg has finalised the acquisition of CGS Holding a.s.-a privately-owned company with leading positions in agricultural, industrial and specialty tyres as well as engineered polymer solutions. The total cash consideration amounted to approximately SEK 10.9 billion on a cash and debt-free basis. "It is highly gratifying to welcome CGS to the Trelleborg Group. The company has long been on our list of interesting acquisitions. The acquisition means that Trelleborg will almost double its sales in agricultural tyres, strengthen its leading position in industrial tyres and add new positions in complementary specialty tyres segments. CGS-'s engineered polymer solutions add new interesting positions as well as strengthen Trelleborg-'s existing leading positions in several of the Group'scurrent business areas," said Peter Nilsson, President and CEO of Trelleborg.