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July 27, 2016 02:00 AM

ContiTech purchases Australian air springs producer

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    SYDNEY, Australia—ContiTech A.G. has acquired Vulcanite Pty Ltd. to bolster its air springs business and enhance its presence globally, especially in Australia and the U.S.

    Vulcanite is a Sydney-based railway engineering specialist. The company designs and manufactures components used to isolate mechanically induced vibration, primarily using rubber- and steel-molded composites.

    A division of tire maker Continental A.G., ContiTech made the purchase because it “opens up additional growth potential in the railway business for air springs,” according to Claus-Peter Spille, head of the firm's Air Springs Systems business.

    Vulcanite has a work force of about 60 and operates a production plant in Sydney and Seremban, Malaysia that it opened in 2012.

    It has a well positioned base in Australia and the U.S., where it exports a large number of components to key customers.

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