Continental announces major restructuring: ContiTech to operate independently
In a significant move, Continental AG has announced that its ContiTech group sector will become an independent entity. This decision marks a pivotal step in Continental’s strategic realignment, aimed at creating three strong, independent companies focused on their respective industries.
ContiTech will operate independently as a material solutions specialist with a strong industrial focus. The exact form of the transaction and the timetable for independence will be determined in the next phase. Continental AG will shift its focus to becoming a global leader in the tire industry. This follows the planned spin-off of its Automotive group sector and the sale of the Original Equipment Solutions (OESL) business area.
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