STOCKHOLM, Sweden—Trelleborg A.B. has completed the sale of its shares in Vibracoustic GmbH to Freudenberg and Co. K.G.
The transaction, which was announced on April 7, has received all necessary approvals from relevant authorities, making Freudenberg the sole owner of the antivibration products business.
The value of the deal for Trelleborg was estimated at about $9.3 billion, with the company receiving a dividend of $1.6 billion last December and $7.7 billion after it completed the sale.
Trelleborg said the transaction will result in a capital gain of about $4.6 billion, of which the full amount will increase the company's equity.
Originally called TrelleborgVibracoustic when the joint venture was formed in 2012, the company consisted of Trelleborg's automotive and Freudenberg's corresponding antivibration solutions operation. It was owned in equal shares by Trelleborg and Freudenberg.
It was renamed Vibracoustic in April just before the deal was announced in April.