ContiTech purchases Australian air springs producer

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.