ERJ staff report (DS)
Trelleborg, Sweden -- Trelleborg and Freudenberg have completed the formation of the joint venture in antivibration solutions for light and heavy vehicles. It has been named TrelleborgVibracoustic.
The two companies have formed a global leader for vibration control solutions in the passenger car and commercial vehicle segments, laying the foundations for a viable future. The new joint venture operates under the name of TrelleborgVibracoustic and both partners hold 50 percent each of the new company. The headquarters will be in Darmstadt, south of Frankfurt, Germany.
At year-end 2011/2012, the combined annual sales were approximately SEK 13.4 billion, of which Trelleborg Automotive accounted for approximately SEK 7.1 billion.
Hans-JÃ¼rgen Goslar, former Vibracoustic Board Chairman, holds the position of Speaker of the Management and together with his colleagues Norbert Schebesta (also Vibracoustic), Jim Law and Lennart Johansson (both Trelleborg), will lead the company into its future.
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Press release from Vibracoustic
Press release from Trelleborg