Trelleborg's shareholding in Vibracoustic transferred to Freudenberg
The 50 percent shareholding held by Trelleborg in the joint venture Vibracoustic was transferred to the Freudenberg Group.
- (1888PressRelease) July 08, 2016 - Bangalore - Today, the 50 percent shareholding held by Trelle-borg AB, Trelleborg, Sweden, in the joint venture Vibracoustic GmbH, Darm-stadt, was transferred to the Freudenberg Group. The transaction has been approved by the relevant authorities. In the 2015 financial year, Vibracoustic generated sales of almost two billion Euros with some 9,400 employees. "Through the cooperation with Trelleborg's automotive anti-vibration busi-ness, Vibracoustic has become a global and technology market leader in vi-bration control components and modules in the automotive industry. As sole shareholder, we now have more flexibility to continue developing and support-ing Vibracoustic strategically and financially," said Dr. Mohsen Sohi, Freuden-berg Group CEO.
"Vibracoustic and our customers will continue to benefit from the Freudenberg Group's long-term orientation and financial solidity. Vibracoustic has a unique product portfolio of vibration control solutions for passenger cars and commercial vehicles," explains Frank Müller, CEO of Vibracoustic.
The company was founded in July 2012 as a 50:50 joint venture between the Freudenberg Group and Trelleborg. At that time, Freudenberg brought its Vi-bracoustic Business Group into a joint venture with Trelleborg's automotive anti-vibration business.
Today, Vibracoustic supplies almost all passenger car and commercial vehicle manufacturers, as well as global tier 1 suppliers, with components that noticeably boost the comfort, safety and longevity of vehicles. Bearings, mounts, springs, iso-lators and mass dampers reduce the noise and vibrations caused by powertrains and adverse road conditions.
The company's engineers develop vibration damping technologies in a global R&D network. New insights gained into manufacturing and materials engineering, and modern methods of calculation play a key role. Here, the focus lies not just on individual components, but on their effect on the entire vehicle.
In the past, Vibracoustic recorded stronger organic growth than the relevant market segment and in the 2015 financial year, the company generated sales of € 1,941.8 million (previous year: € 1,779.3 million) with 9,354 employees (previous year: 9,020 employees). Based on the 50 percent shareholding held until now, pro-rata sales attributable to Freudenberg amounted to € 970.9 million (previous year: € 889.6 million), with 4,677 employees (previous year: 4,510 employees).
About Vibracoustic
Vibracoustic is a worldwide market and technology leader for anti-vibration components and mod-ules for the global automotive industry. The company's portfolio of products for passenger cars and commercial vehicles is unique on the automotive market. These pioneering products reduce unwanted vibration and noise and improve ride comfort.
About the Freudenberg Group
Freudenberg is a global technology group that strengthens its customers and society long-term through forward-looking innovations. Together with its partners, customers and the world of science, the Freudenberg Group develops leading-edge technologies, and excellent products, solutions and services for more than 30 market segments and for thousands of applications: seals, vibration control components, nonwovens, filters, specialty chemicals, medical products, IT services and the most modern cleaning products.
Innovation strength, strong customer orientation, diversity and team spirit are the cornerstones of our Group. Commitment to excellence, reliability and pro-active, responsible action belong to the company's core values lived for more than 165 years.
In 2015, the Freudenberg Group employed over 40,000 people in some 60 countries worldwide and generated sales of more than 7.5 billion Euros (including pro-rata consolidation of 50:50 joint ventures). For more information, please visit www.freudenberg.com.
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