STOCKHOLM—Continental A.G.'s conveyor solutions segment is set to acquire mining belt supplier NorrVulk A.B., located in Gallivare in northern Sweden.
The acquisition is subject to approval by antitrust authorities, Conti said July 4. Terms of the transaction were not disclosed.
"With NorrVulk, we have succeeded in acquiring one of the leading suppliers of conveyor belts and related services in northern Sweden," said Song Qi, head of global business for the conveyor belt division at Continental. "The acquisition underscores our goal of further expanding our service business directly with our customers and aligning our focus accordingly."