Continental’s planned acquisition of the ‘Anti-Vibration Systems’ business of Cooper Standard has now received unconditional approval from all relevant antitrust authorities. We reported on this deal in November 2018, prior to the official approvals, but with that stage secured, in addition to successful consultations with French employee representatives, Continental will now close the acquisition in the first half of 2019.
Cooper Standard’s ‘Anti-Vibration Systems’ business is based in Novi, Michigan, with five production sites including R&D facilities in Canada, France, India and the US, and a workforce of approximately 1,000 employees.
The ‘Anti-Vibration Systems’ business specializes in vibration control technology and sound insulation and will enhance Continental’s capabilities in these fields. The unit develops global anti-vibration solutions that mitigate NVH in vehicles and thus improve suspension comfort and handling.