EQS-News: Continental
/ Key word(s): Disposal
Hanover, August 27, 2025. Continental today announced the sale of its ContiTech business area Original Equipment Solutions (OESL) to Regent. The transaction is subject to antitrust approval. The parties have agreed not to disclose the purchase price and further details. The sale is part of the ContiTech group sector’s strategy to focus even more on industrial customers. With this step, Continental continues the course outlined at its Capital Market Day in June, aimed at establishing four strong independent champions. “The decision to sell OESL is part of our broader strategy to intensify our focus on our industrial business. Going forward, ContiTech will be a standalone specialist for material solutions with a strong focus on industry,” said Philip Nelles, member of Continental ’s Executive Board and head of the ContiTech group sector. “Given the dynamic market environment, concentrating on industrial business is the cornerstone of our strategy. Following the sale of OESL, ContiTech will generate around 80 percent of its sales with industrial customers. Our customer portfolio is highly diversified, both by industry and by region.” OESL employs more than 16,000 people and generated sales of around €1.9 billion in fiscal 2024. The business area develops and produces hose lines and bearing elements for combustion-engine and electric vehicles. “With its attractive product portfolio and extensive automotive expertise, OESL has a strong foundation and excellent growth prospects. As a long-term, strategically oriented owner, we will work closely with management to drive the transformation to sustainable, future-oriented mobility solutions and harness OESL’s potential to enhance value. This will create meaningful opportunities for our employees around the world,” said Michael A. Reinstein, founder and chairman of Regent. Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation. In 2024, Continental generated sales of €39.7 billion and currently employs around 190,000 people in 55 countries and markets. Regent is a global holding company with investments across the automotive, consumer, technology, and media sectors. Selected portfolio companies include Bally, DIM Paris, Playtex, Lydech, Foundry and TechCrunch. Regent is headquartered in Beverly Hills, California, USA. For more information, please visit www.regentlp.com. Press contact Marc Siedler Spokesperson, Business & Finance Phone: +49 511 938-1278 Cell: +49 151 24506041 E-mail: marc.siedler@conti.de
Vincent Charles Head of Group Communications Phone: +49 511 938-1364 Cell: +49 173 3145096 E-mail: vincent.charles@conti.de
Regent press@regentlp.com Press portal: www.continental-press.com Media center: www.continental.com/media-center
27.08.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
Language: | English |
Company: | Continental |
Continental-Plaza 1 | |
30175 Hannover | |
Germany | |
Phone: | +49 (0)511 938-13650 |
Fax: | +49 (0)511 938-1080 |
E-mail: | ir@conti.de |
Internet: | www. Continental .com |
ISIN: | DE0005439004 |
WKN: | 543900 |
Indices: | DAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg, Hanover, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange; Luxembourg Stock Exchange, SIX |
EQS News ID: | 2189646 |
End of News | EQS News Service |