Aug. 27 at 6:08 PM
Continental will sell its Original Equipment Solutions unit—part of the ContiTech plastics technology division, which supplies hoses and support elements for combustion and electric engines—to U.S.-based Regent. No financial terms were disclosed, and the deal requires antitrust approval.
The sale aligns with Continental’s plan to focus ContiTech on industrial clients and eventually divest the entire unit by 2026. Later this year, the company will spin off its automotive division under the new name Aumovio, positioning Continental as a pure tire manufacturer.
$CTTAY