12 Sep 2022
Acquisition to expand range of services in industrial area of central Sweden
Stockholm, Sweden – Continental AG has invested in a second Swedish conveyor belts company in two months with the acquisition of Vulk & Montage.
Based in Karlstad, Vulk & Montage specialises in conveyor belts’ maintenance and and is a “leading service provider” in central Sweden, said Conti in a statement 8 Sept.
The company operates four locations in Karlstad, Örebro, Mora and Stockholm, where it provides a range of add-on products including belts, belt scrapers, industrial hoses, screens, wear rubber and lightweight conveyor belts.
“With the Vulk & Montage Group, we are able to offer an entire service & solution package in addition to the current Continental product portfolio,” said Song Qi, who is responsible for the global business with conveyor belt system solutions at Continental.
The transaction, the details of which was not disclosed, is subject to approval by the competent antitrust authorities.
This Conti’s second conveyor belt-related acquisition in Sweden in two months.
In July the German manufacturer took over systems and services specialist NorrVulk AB, based in Gällivare, northern Sweden.
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