Sydney, Australia—ContiTech AG has acquired Vulcanite Pty Ltd. to bolster its air springs business and enhance its presence globally, especially in Australia and the US.
Vulcanite is a Sydney-based railway engineering specialist. The company designs and manufactures components used to isolate mechanically induced vibration, primarily using rubber- and steel-molded composites.
A division of tire maker Continental AG, ContiTech made the purchase because it “opens up additional growth potential in the railway business for air springs,” according to Claus-Peter Spille, head of the firm’s Air Springs Systems business.
Vulcanite has a workforce of about 60 and operates a production plant in Sydney and Seremban, Malaysia that it opened in 2012.