The Yokohama Rubber to acquire the wheel systems of Trelleborg for €2bn.

The Yokohama Rubber, a tire company, agreed to acquire the wheel systems of Trelleborg, an engineering group, for €2bn. "Trelleborg becomes more profitable, less cyclical, and its sustainability profile improves. Today’s transaction clearly visualizes the shareholder value embedded in the Group. We further strengthen our capacity to accelerate growth, both organically and through acquisitions, as well as returning additional capital to shareholders. Further information on the use of proceeds will follow in due course. The transaction also prompts a review of our financial targets to be communicated at a later stage," Peter Nilsson, Trelleborg President and CEO.