Continental strengthens industrial operations with acquisition of NorrVulk AB in Sweden
Published by
Sol Klappholz,
Editorial Assistant
World Cement,
Continental has acquired the specialist NorrVulk AB, a specialist in conveyor belt systems and services, based in Gällivare, Sweden.
- Continental is expanding its range of services further in close proximity to industrial customers.
- The business will be integrated into Continental’s business area Conveying Solutions, one of the leading specialists for transport and off-highway solutions worldwide.
- NorrVulk is one of the key suppliers of conveyor belt systems and related services to the mining industry.
The acquisition complements the technology company’s portfolio for sales of conveyor belt systems and related services and strengthens the business with industrial customers in this region. “With NorrVulk, we have succeeded in acquiring one of the leading suppliers of conveyor belts and associated services in northern Sweden. The acquisition underlines our goal to further expand our service operations directly with our customers and adapt our focus accordingly, ”explained Song Qi, who is responsible for the global operations with conveyor belt system solutions at Continental. Completion of the acquisition is subject to the approval of the competent antitrust authorities. The two parties have agreed not to disclose the purchase price.
NorrVulk AB has 16 employees in Gällivare, Sweden. As one of the key suppliers for the sale of conveyor belts and related services in the mining business, the company offers the entire range of services in this area in the northern country, which has a strong mining tradition. This includes sales of individual conveyor belts and on-site installation as well as maintenance and other services.
Continental’s Conveying Solutions is one of the world’s leading specialists in transport and off-highway solutions, with customers in key industries such as mining, agriculture, vehicle and civil engineering. In addition to its extensive product portfolio, Conveying Solutions’ goal is to respond to specific customer needs and to provide holistic and efficient solutions for every transport task in the most environmentally friendly way possible – from plant design, production and installation to preventive maintenance and repairs. Conveying Solutions has more than 5,800 employees in 54 locations in 16 countries.
Read the article online at: https://www.worldcement.com/europe-cis/04072022/continental-strengthens-industrial-business-with-acquisition-of-norrvulk-ab-in-sweden/