Trelleborg has finalized the acquisition of CGS Holding a.s. – a privately-owned company with leading positions in agricultural, industrial and specialty tires as well as engineered polymer solutions. The total cash consideration amounted to approximately SEK 10.9 billion on a cash and debt-free basis. CGS is headquartered in the Czech Republic and generated sales of approximately SEK 5.6 billion in 2015 with an operating margin of 16.5 percent. CGS Holding includes the businesses Mitas, Rubena and Savatech. Mitas accounts for approximately two-thirds of group sales and has strong mid-market specialty tires brands with a particularly strong position within agricultural tires. The offering of specialty tires is complemented by Rubena’s and Savatech’s niche engineered polymer solutions businesses, including seals, sealing profiles, specialty molded products, printing blankets and other engineered fabrics. Mitas will be integrated into the Trelleborg Wheel Systems business area. During transition, other operations will be independent from Trelleborg’s existing operations before being gradually integrated into current business areas. Following the acquisition, Trelleborg will have sales of about SEK 30 billion, with about 23,000 employees in 47 countries. The transaction will be consolidated from May 31, 2016. Non-recurring costs of approximately SEK 70 million, related to the acquisition, will be charged to the second quarter of 2016. Of this amount, about SEK 50 million will be charged against reported operating income and about 20 million will be charged to net financial items. No PPA effects are included in the above amounts.