Continental acquires remaining interest in Emitec

30 April 2014

Continental announced the acquisition of the outstanding shares in Emitec Gesellschaft für Emissionstechnologie mbH. Emitec—to date a 50-50 joint venture co-owned by Continental and GKN plc—will be acquired by Continental and integrated into its Powertrain Division. Completion of the acquisition is subject to merger control clearance.

Based in Lohmar, Germany, Emitec has a workforce of approximately 900 employees at locations in Europe, USA, and Asia.

Emitec is a leading supplier of metallic catalyst substrates and other emission technologies. Since its foundation in 1986, the company has produced more than 170 million of metallic substrates. The company has developed a number of specialized metallic foil designs, such as structured foil catalysts for increased turbulence, electrically heated catalysts, EGR and pre-turbo catalysts, and flow-through filters (particle oxidation catalysts).

One of the more recent Emitec products are urea dosing modules for SCR systems. The urea dosing expertise is in part based on the Grundfos NoNOx technology—acquired by Emitec in 2010—and in part on earlier SCR development work by the former Siemens (now Continental).

“The intended integration of Emitec into the Continental Corporation is a strategically significant step. We will now be able to supply those of our customers requiring all-in-one solutions in the key growth market of exhaust aftertreatment. Above and beyond this, the acquisition will enable us to realize synergies between the Powertrain Division and Emitec, touching on everything from development and production through to purchasing,” said José Avila, Member of the Continental Executive Board and President of the Powertrain Division.

Source: Continental