The executive board of Continental has decided to make the ContiTech group sector independent.
The preparatory phase that now follows will involve analyzing and assessing the possible transaction forms for independence and drawing up a timetable for implementation.
As things stand, Continental considers a sale of ContiTech to be the most likely option. This is to be implemented after the spin-off of the Automotive group sector and the sale of the Original Equipment Solutions (OESL) business area. Subject to the necessary resolutions, ContiTech could become independent in the course of 2026.
Continental has already laid the groundwork for its realignment with the planned spin-off of its Automotive group sector and aims to position the three group sectors – Tires, ContiTech and Automotive – as independent companies. With this move, ContiTech will operate independently as a material solutions specialist with a strong industrial focus. Continental will therefore become a global company focused on tires. In a last step, the still overarching holding functions will then be transferred to Continental.
“Over the past 30 years in particular, Continental has used targeted acquisitions and organic growth to build up three strong group sectors in their respective industries. These are now ready for independence,” said Continental CEO Nikolai Setzer.”
“Today’s highly dynamic markets also call for focused, agile and decisive action. Now is therefore the right time to initiate the most far-reaching realignment in the company’s history. We are creating three strong, independent champions that will achieve their full growth and value creation potential as independent companies.”
