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Continental sells Contitech

By Thomas Günnel | Translated by AI 2 min Reading Time

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Continental has sold the Contitech division. The supplier is now solely a tire manufacturer.

Continental has sold the Contitech division and is now solely a tire manufacturer.(Source:  Continental)
Continental has sold the Contitech division and is now solely a tire manufacturer.
(Source: Continental)

Continental has sold the Contitech division to a subsidiary of Lone Star Funds. The deal brings the supplier approximately four billion euros, making it now solely a tire manufacturer. In addition to the sale price, "performance-based components" of up to 250 million euros (US$286 million) are expected in the following years.

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