Trelleborg divests UK offshore oil & gas operation
Trelleborg has signed an agreement and finalized the divestment of its offshore operation in Skelmersdale, England. The company is part of the overall offshore operation in the Businesses Under Development reporting segment. The buyers are individuals holding senior positions in the UK offshore business being sold. The divestment is part of Trelleborg’s strategy to focus on selected market segments. The divested company had annual sales of approximately SEK 580 M in 2020. It was deconsolidated on March 1, 2021. The transaction is not expected to have a material impact on the Group’s net