Continental has acquired the conveyor and maintenance company Vulk & Montage, based in Karlstad, Sweden. This acquisition complements the portfolio of Continental and establishes the technology company in the heart of Sweden’s industrial area. “With the Vulk & Montage Group, we are able to offer an entire service & solution package in addition to the current Continental product portfolio to our industrial customers in Central Sweden. The acquisition underscores again our goal of further expanding our service business directly with our customers and aligning our focus accordingly,” explained Song Qi, who is responsible for the global business with conveyor belt system solutions at Continental. Completion of the acquisition is subject to approval by the competent antitrust authorities. The two parties have agreed not to disclose the purchase price.
Vulk & Montage has four locations in Karlstad (Headquarters), Örebro, Mora and Stockholm, Sweden. The company is a leading service provider for the conveyor industry in central Sweden, operating out of their four branches and one rubber workshop. Vulk & Montage provides add-on products such as belts, belt scrapers, industrial hoses, screens, wear rubber, lightweight conveyor belts, technical plastics and additional services like lining (cold and hot), spraying polyurethane, sandblasting, and paintwork.
Continental’s Conveying Solutions is one of the world’s leading specialists in conveying and off-highway solutions, with customers in key industries such as mining, agriculture, automotive and plant engineering. Beyond its comprehensive product portfolio, Conveying Solutions’ goal is to respond to specific customer needs and to provide holistic and efficient solutions for every conveying task in the most environmentally friendly way possible – from plant design, production and installation to preventive maintenance and repair. Conveying Solutions has more than 5,800 employees at 54 locations in 16 countries.