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ContiTech Acquires Molded Brake Components Business from Freudenberg
Improved market presence in France offers new opportunities / Customers benefit from expanded range / Sealing elements for ABS systems added to product portfolio
(PresseBox) (Hanover, )
ContiTech Vibration Control GmbH, Hanover, is acquiring the molded brake components business from Freudenberg Sealing Technologies, Weinheim. Operations in Andrézieux, France, and the molded brake parts business in Oberwihl, Germany, and Querétaro, Mexico, are to be transferred to ContiTech Vibration Control, subject to regulatory clearance. "This acquisition will improve our position in the French market in particular, and at the same time it will also add in-demand safety-related parts to our range," says Kai Uwe Frühauf, head of the ContiTech Vibration Control business unit. "In future, we will also have research and development competence in France. This will open up new business opportunities within the French automotive industry and its supplier industry." The acquisition of delivery contracts and customer contacts will also provide ContiTech with additional momentum for the development of its business in America, Europe and Asia.
At the same time, the company is widening its product range - in future, it will now also offer lip seals and pulsation damper units for ABS systems. "This will allow us to combine the know-how from both companies and will enable us to respond more flexibly to customer requests, as well as simplifying our logistics operations," says Kai Peters, head of the Chassis Sealing Systems segment.
Both parties have agreed not to disclose the purchase price or the sales volumes involved.
ContiTech Vibration Control is a globally set-up specialist for vibration control technology and noise isolation. The company also develops sealing systems for chassis, steering and brake systems.
At the same time, the company is widening its product range - in future, it will now also offer lip seals and pulsation damper units for ABS systems. "This will allow us to combine the know-how from both companies and will enable us to respond more flexibly to customer requests, as well as simplifying our logistics operations," says Kai Peters, head of the Chassis Sealing Systems segment.
Both parties have agreed not to disclose the purchase price or the sales volumes involved.
ContiTech Vibration Control is a globally set-up specialist for vibration control technology and noise isolation. The company also develops sealing systems for chassis, steering and brake systems.
Über ContiTech AG
With sales of €30.5 billion in 2011, Continental is among the leading automotive suppliers worldwide. As a supplier of brake systems, systems and components for powertrains and chassis, instrumentation, infotainment solutions, vehicle electronics, tires and technical elastomers, Continental contributes to enhanced driving safety and global climate protection. Continental is also an expert partner in networked automobile communication. Continental currently has approximately 167,000 employees in 46 countries.
The ContiTech division holds a global market leadership position for non-tire rubber technical elastomer products and is a specialist in plastics technology in the non-tire rubber sector. It develops and produces functional parts, components and systems for the automotive industry and other important industries. With a total of approximately 27,250 employees on its payroll, ContiTech reported sales of about €3.6 billion in 2011.
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