Hanover, Germany – Continental Corp. has received necessary approvals from all antitrust authorities to acquire the anti-vibration systems business of Cooper Standard.
The acquisition is now expected to be completed in the first half of the year, Continental said in a 5 March release.
The two parties announced the €230-million deal, which includes five productions sites and R&D facilities, in November last year.
Cooper Standard’s portfolio includes strut mounts, spring seats, jounce bumpers, hydraulic bushings; body and cradle mounts; mass dampers; and dual durometer bushing.
Hanover-based Continental said last November that the business would be integrated within the vibration control unit of its ContiTech division.
The division produces non-tire rubber parts for a variety of industries, including automotive.
With the acquisition, Continental will access Cooper Standard’s expertise in material and product design, predictive component analysis, system integration and vehicle testing.
“The combined business will drive innovations in lightweight and other anti-vibration products,” said Kai Fruehauf, head of Continental’s vibration control business.