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ContiTech acquires Metso conveyor belt business


September 3, 2013
By ContiTech

September 3, 2013, Hanover, Germany – The ContiTech Conveyor
Belt Group, Northeim, is strengthening its conveyor belts business for
industrial applications with the acquisition of Metso´s industrial conveyor
belt operations based in Helsinki, Finland. Both parties signed relating
documents for the acquisition today.

September 3, 2013, Hanover, Germany – The ContiTech Conveyor
Belt Group, Northeim, is strengthening its conveyor belts business for
industrial applications with the acquisition of Metso´s industrial conveyor
belt operations based in Helsinki, Finland. Both parties signed relating
documents for the acquisition today.

The transaction scope includes a production plant in Kalkku,
Finland, where ContiTech will continue to manufacture conveyor belts for the
use in areas such as quarries, the ore industry, in-factory transport as well
as the paper and food industry. ContiTech also acquires the related sales &
service locations in Finland. In total ContiTech will take over approximately
130 Metso employees. Both sides have agreed not to disclose the purchase price.
Transfer of the business is scheduled for Q4 2013
 

“The acquisition strengthens ContiTech´s industrial business
and is the perfect complement to the Conveyor Belt Group's current range of
industrial conveyor belts and special belts. Furthermore, we are also improving
our market presence in northern Europe and optimizing the structure of our
production sites,“ says Hans-Jürgen Duensing, head of the ContiTech Conveyor
Belt Group business unit. “Our objective is to continue and further develop
activities at the plant in Finland and gain access to new customer groups in
the Scandinavian markets.“ 

In 2010, ContiTech took over business activities involving
Flexowell and Pocketlift conveyor belts from Metso and has since then
successfully expanded business in this area.

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