Continental has acquired Vulk & Montage Group, the conveyor and maintenance company based in Karlstad, Sweden.
Continental said that the acquisition complemented its portfolio 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 and solution package in addition to the current Continental product portfolio to our industrial customers in Central Sweden,” explained Song Qi, who is responsible for the global business with conveyor belt system solutions at Continental.
“The acquisition underscores again our goal of further expanding our service business directly with our customers and aligning our focus accordingly.”
Completion of the acquisition is subject to approval by regulatory/antitrust authorities and the two parties declined to divulge the purchase price.
Vulk & Montage has four locations in Karlstad (its headquarters), Örebro, Mora and Stockholm, Sweden. The company is a leading service provider for the conveyor industry in central Sweden, operating out of its 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.