HANOVER, Germany—ContiTech A.G.'s conveyor belt group is strengthening its conveyor belt business with the acquisition of Metso Corp's industrial conveyor belt operations in Helsinki, Finland.
The company will take over approximately 130 Metso employees. The sales price was not disclosed.
The transaction includes a production plant in Kalkku, Finland, where ContiTech conveyor belt group in Northiem, Germany, will continue to manufacture conveyor belts for use in areas such as quarries, the ore industry, in-factory transport and the paper and food industries.
As part of the deal, ContiTech acquires the related sales and service locations in Finland.
Hans-Jurgen Duensing, head of the ContiTech conveyor belt business unit, said the acquisition is the perfect complement to the Conveyor belt group's range of industrial conveyor belts and special belts. He added the company is also improving its market presence in northern Europe and optimizing the structure of its production sites.
In 2010, ContiTech purchased the Flexowell and Pocketlift conveyor belts business from Metso and since has expanded business in this area.