Continental has announced it has received unconditional approval from all relevant antitrust authorities for the acquisition of the Anti-Vibration Systems business of Cooper Standard. Once other formalities have been satisfied, Continental will close the acquisition of Cooper Standard’s Anti-Vibration Systems business as planned in the first half of 2019. Cooper Standard’s Anti-Vibration Systems business is based in Michigan, US, and runs five production sites including R&D facilities in Canada, France, India and the US with a workforce of about 1,000 employees.
The acquisition of Cooper Standard’s Anti-Vibration Systems business will enhance Continental’s capabilities for vibration control technology and sound insulation, the company noted. The technology company said this business unit develops global anti-vibration solutions that mitigate noise, vibration and harshness (NVH) in vehicles and thus improve suspension comfort and handling. It also has outstanding know-how in material and product design, and in predictive component analysis, system integration and vehicle testing, Continental added.
Continental has been involved in the field of vibration control technology and sound insulation for over 80 years. The company develops and manufactures active and passive vibration-optimised mount components and weight reduction systems for engines, gearboxes and other components that enhance safety and comfort in the automotive industry. It also develops components for other industrial applications in the energy sector, agriculture and the railway and shipping industries.