Conti acquires remaining share in British engineering firm

4th April 2014 | 1 Comment
 
Conti acquires remaining share in British engineering firm
Zytek Automotive headquarters in Fradley – and some of the vehicles the company supplies

On 3 February, Germany’s Continental AG took over full ownership of its joint venture, Zytek Automotive. It previously had a 50 per cent shareholding in the Fradley Park (near Lichfield) company, and following the buy-out is operating it as a part of the Continental Engineering Services (CES) organisation in the United Kingdom. Neither Continental nor former joint venture partner Zytek have disclosed the price paid for the 50 per cent share in Zytek Automotive.

The rest of this article is for subscribers only:
Log inSubscribe

Tags: , , , , , , ,

Category: Company News, UK News

Buy subscriptions, premium industry reports, and business directory entries in our shop. | Dismiss

[ + ]