Yokohama Rubber Company has received clearance from all relevant authorities, including the British Competition and Markets Authority, to acquire Trelleborg's business area Trelleborg Wheel Systems.

With these approvals, Yokohama and Trelleborg can begin finalizing the necessary documentation required to formally close the transaction, which is expected to happen in the first half of 2023, by previous communications. More information about the transaction will follow once it is finalized.

Contacts
Media: Vice President Communications Karin Larsson, +46 (0)410 67015, +46 (0)733 747015, karin.larsson@trelleborg.com
Investors/analysts: Vice President IR Christofer Sjögren, +46 (0)410 67068, +46 (0)708 665140, christofer.sjogren@trelleborg.com

About Us
Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative solutions accelerate performance for customers in a sustainable way. The Trelleborg Group's continuing operations had annual sales of about SEK 30 billion in 2022 and operations in about 40 countries. The Group comprises three business areas: Trelleborg Industrial Solutions, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap. www.trelleborg.com

This information is information that Trelleborg is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-03-28 08:15 CEST.

Attachments
Sale of Trelleborg Wheel Systems approved by relevant authorities

© Modular Finance, source Nordic Press Releases