press release

advertisement
Press Release
Continental To Become Provider of Exhaust-GasTreatment System: Emitec Integrated into Powertrain
Division
 Continental acquires 100% ownership of joint venture
 Emitec and Powertrain Business Unit Fuel Supply will form the new Fuel & Exhaust
Management Business Unit
 Operational structures to remain unchanged; Emitec brand name to continue
Regensburg, Germany, July 31, 2014. The international automotive supplier Continental has
acquired 100% ownership of the exhaust technologies specialist Emitec. Until now, it was a 50/50
joint venture with Continental and Continental's partner GKN. The acquisition will take effect on
July 31, 2014 and Emitec will become part of the Powertrain Division. Continental already has a
comprehensive product portfolio in the field of exhaust-gas aftertreatment and works closely with
Emitec. Its purchase of the remaining shares of Emitec – which develops and produces metallic
catalyst substrates, particle filters, and dosing modules for selective catalytic reduction (SCR) –
means that the automotive supplier will now offer complete exhaust-gas aftertreatment systems.
This market is an important area of growth because with more stringent emission standards, such
as Euro 6, almost all diesel vehicles will need an SCR system in the medium term. SCR
technology involves injecting a urea-water solution into the exhaust stream to reduce the amount of
nitrogen oxide in exhaust gases. Emitec will be adding its catalytic substrate technology and its
dosing module to Continental's SCR solutions. These modules have synergies with the gasoline
and diesel fuel supply units of the Fuel Supply business unit in the Powertrain Division. This is why
Continental has combined Emitec and Fuel Supply to form the new Fuel & Exhaust Management
Business Unit in the Powertrain Division.
"There's great potential synergy between Fuel Supply and Emitec in the very growth field of dosing
modules, from initial customer contact through to development, purchasing and production," says
Dr. Markus Distelhoff, Head of the new Business Unit and former Head of Fuel Supply Business
Unit. "And our global production sites provide excellent expansion opportunities for Emitec's
current products. We're already planning to start production of Emitec products by the end of this
year at our Continental site in Wuhu, China.
/
Your contact:
Simone Geldhäuser, Ph.: +49 941 790-61302
-2-
On the other side, Emitec is strongly represented in the commercial-vehicle and two-wheeler
sector. It can use its expertise and customer contacts here to help Fuel Supply gain access to new
market segments. For example, I can see great potential here in the Indian two-wheeler market."
In the future, Emitec will form the Exhaust Management Segment of the Fuel & Exhaust
Management Business Unit. The products will continue to trade under the Emitec brand name. The
structures of the former joint venture and the head office in Lohmar, near Bonn, will remain. "We
can see Emitec's strengths. We want to hold on to them and develop them further," explains
Distelhoff.
The future Exhaust Management Segment will be headed by former Emitec CEO Dr. Berthold
Curtius, who also emphasizes the potential synergy: "It's enormously important to us that we now
bring together the expertise of both companies to strengthen our market position even further."
Founded in 1986, Emitec Gesellschaft für Emissionstechnologie mbH is now part of the
Continental Exhaust Management segment and employs approximately 900 staff in total across
Europe, USA, and Asia. It has production sites in both Lohmar and Eisenach in Germany,
Faulquemont in France, Pune in India, and Fountain Inn in South Carolina, USA. Emitec customers
include all prestigious car, truck, and motorcycle manufacturers, as well as makers of tractors and
agricultural and construction machinery in the off-road sector.
With sales of around €33.3 billion in 2013, Continental is among the leading automotive suppliers
worldwide. As a supplier of brake systems, systems and components for powertrains and chassis,
instrumentation, infotainment solutions, vehicle electronics, tires and technical elastomers, Continental
contributes to enhanced driving safety and global climate protection. Continental is also an expert partner in
networked automobile communication. Continental currently has approximately 186,000 employees in 49
countries.
The Automotive Group with its three divisions Chassis & Safety (sales of approx. €7.3 billion in 2013,
roughly 36.500 employees), Powertrain (sales of approx. €6.3 billion in 2013, roughly 32,400 employees)
and Interior (sales of approx. €6.6 billion in 2013, roughly 34,400 employees) achieved sales of
approximately €20 billion in 2013. The Automotive Group is present in more than 170 locations worldwide.
As a partner of the automotive and commercial vehicle industry, it develops and produces innovative
products and systems for a modern automotive future, in which cars provide individual mobility and driving
pleasure consistent with driving safety, environmental responsibility and cost-efficiency.
The Chassis & Safety division develops and produces electronic and hydraulic brake and chassis control
systems, sensors, driver assistance systems, airbag electronics and sensors, windshield washer systems,
and electronic air suspension systems. Its core competence is the integration of active and passive driving
safety into ContiGuard. The Powertrain division integrates innovative and efficient system solutions for
vehicle powertrains. The comprehensive range of products includes gasoline and diesel injection systems,
/
Your contact:
Simone Geldhäuser, Ph.: +49 941 790-61302
-3-
engine management and transmission control, including sensors and actuators, as well as fuel supply
systems, and components and systems for hybrid and electric drives. Information management is at the very
heart of the Interior division, which provides a range of products that includes instrument clusters and
multifunctional displays, control units, electronic car-entry systems, tire-monitoring systems, radios,
multimedia and navigation systems, climate control systems, telematics solutions, and cockpits.
Contact for journalists
Simone Geldhäuser
External Communications
Continental
Powertrain Division
Siemensstr. 12
93055 Regensburg, Germany
Phone: +49 941 790 61302
Fax: +49 941 79099 61302
Simone.Geldhaeuser@continentalcorporation.com
This press release is available in the following languages: German, English
Links
Online press portal: www.continental-press.com
Online media database: http://www.continental-mediacenter.com
/
Your contact:
Simone Geldhäuser, Ph.: +49 941 790-61302
Download