HANOVER, Germany—Continental A.G. is scouting for locations to move its corporate function to a new headquarters because the current site—where the firm has been since 1995—has no room for expansion.
The move is to coincide with Conti's 150th anniversary in 2021 and will accommodate 1,250 of the firm's corporate staff. The firm confirmed that five locations are currently on the list of candidates, all of which will be in or around Hanover.
“We have 750 employees right now and as we are setting out to grow, we are looking for a new headquarters that can accommodate up to 1,250 members the corporate function,” a company spokesman said. “For now, the aim is to find a site, come up with the concept of what the new headquarters would look like, build it and then define a new purpose for the current site.”
Continental's rubber division and ContiTech, which has a plant next to the current site, will not be part of the move.
The spokesman confirmed that Hanover suburban area Garbsen, which has been mentioned by local media as a favorite, was a possibility.
“Garbsen is close to our Stoecken facility where 3,500 of our about 8.000 employees in Hanover are based. So, yes, the town is on the list,” he added.