Continental has reached an agreement with Cooper Standard, based in Novi, Michigan, on the purchase of its anti-vibration systems business. With this acquisition, Continental is expanding its global presence for anti-vibration and noise reduction technology, particularly in North America. The agreement includes an offer from Continental to purchase substantially all of Cooper Standard’s anti-vibration business in France and its respective interest in the joint venture in India.
“This acquisition is enhancing our vibration control business and our ability to serve the automotive industry on a global basis. Weight reduction will drive future mobility because less weight results in less fuel consumption and in fewer CO2 emissions. This increases the vehicle’s efficiency and helps to extend the range of electric and hybrid vehicles,” said Hans-Jürgen Duensing, Member of the Continental Executive Board and responsible for the ContiTech division.
Cooper Standard has extensive anti-vibration systems expertise in North America and offers global automotive manufacturers state-of-the-art anti-vibration solutions designed to mitigate vehicle noise, vibration and harshness (NVH). The anti-vibration systems business of Cooper Standard has five manufacturing facilities – including R&D capabilities in Canada, France, India and the U.S.A. – and employs approximately 1,000 people.