Continental to Sell Fuel Supply Business Unit

In order to focus more on core business Continental intends to sell its fuel supply business unit. As part of the company’s Powertrain Division, this business unit produces fuel transport and tank bleeding systems, and Conti reports that it is both profitable and a market leader. In spite of this, it must go: “As this business is not among the core activities of the division, which focuses on components for motors and powertrains, we have decided to sell it after an in-depth analysis,” explained Dr. Karl-Thomas Neumann, the Continental Board Member responsible for the Powertrain Division.

Dr. Neumann mentioned that a key element of Continental’s strategy is active portfolio policy: “This means that we always continually assess both the possible acquisition of companies as well as options for selling company units. We take into consideration the market position and size of a business, its sustainable profitability, its strategic positioning and how much the current unit counts towards the core business of the company,” he explained.

“We are now looking for a purchaser who can give the business and the employees new perspectives via a focused strategy, while simultaneously expanding their competence. We assume that we will have found a suitable purchaser by the end of the year,” Dr. Neumann added. The fuel supply business unit currently employs a staff of 3,500 worldwide. It develops and manufactures at more than ten locations. The business unit posted a turnover of approximately 450 million euros last year.