As Conti looks toward "Farm 2030," a smart farming mission driven by motorization, digitalization and automation, the company calls intelligent agriculture "the nutrient for the field of the future."
"This strategic acquisition is a threefold perfect fit: portfolio, sales market and people," said Philip Nelles, member of Continental's Executive Board and head of the ContiTech Group Sector. "Moreover, we continue our transformation toward a holistic solutions provider in one of the growing industries, namely the off-highway industry."
WCCO in the past year has secured awards for safety from the North Dakota Safety Council, and for a diverse and "transformational" workplace culture from the Manufacturing Leadership Council, a division of the National Association of Manufacturers.
"We intend to leverage and grow our manufacturing capability to elevate Continental's opportunity in this area and to offer complete technical solutions to manufacturers and distributors with the goal to improve profitability and speed-to-market with new innovations and products," said Jim Hill, president of ContiTech North America.
"We are all delighted to welcome you, the experienced and dedicated WCCO employees, to our Continental team. I am convinced that we will learn from each other and grow together to best serve our customers' needs."
While WCCO may be the most recent acquisition for Conti, it is not likely to be the last.
"We are constantly reviewing our overall portfolio by exploring merger and acquisition opportunities ... to further expand our investments in the agricultural, construction and off-highway markets," Zenar said.
Continental A.G. generated sales of $34.4 billion in 2021 and currently employs more than 190,000 people in 58 countries. The company celebrated its 150th anniversary in 2021.