Continental, a technology company, has reached an agreement with Merlett Group, based in Daverio, Italy, on the purchase of its flexible hose business. With this acquisition, Continental is expanding its material expertise beyond rubber, with regard to high-performance thermoplastics technologies and solutions. The agreement includes the purchase of all Merlett Group’s activities, including three manufacturing plants in Italy and Switzerland as well as a comprehensive network of sales offices in twelve European countries with nearly 500 employees. Completion of the acquisition is subject to clearance by the respective antitrust authorities.
“Smart hose solutions will help Continental’s customers and industrial operators improve their production efficiency and economic effectiveness. Thermoplastic know-how is key to doing so. That is why we are expanding our technological portfolio by acquiring Merlett Group,” explains Andreas Gerstenberger, head of Continental’s Industrial Fluid Solutions business unit. He adds: “This acquisition is another important step to become a global industrial solutions partner. Merlett Group has outstanding expertise in engineering, processing and handling thermoplastics.”
With over a century of industrial expertise, Continental provides reliable and high-performance motion technologies to a wide range of industrial enterprises that help its customers operate more efficiently and productively. With the acquisition, Continental will have the ability to master both technologies: rubber and thermoplastics. Thus, it will advance industry standards better in the future.
In the past years Merlett Group has created a solid and wide distribution network of affiliated companies with warehouses and commercial offices in Belgium, Denmark, Finland, France, Germany, Norway, Poland, Russia, Spain, Sweden, the Netherlands and the UK to serve the majority of its customers in Europe and also globally.
The Industrial Fluid Solutions business unit is part of Continental’s ContiTech division and operates more than 25 production sites worldwide. Continental’s customized products convey fluids of all kinds and thus serve several industry sectors such as mining, oil and gas production, the food industry, water management, the chemical and pharmaceutical industry and mechanical engineering. In addition, the engineers apply digital technology to make their customers’ operations more efficient and trouble-free.
Image Credit: Continental