Grant Thornton advises Continental on acquisition of mold manufacturing specialist for commercial vehicle and speciality tyres

Continental has acquired the Slovak mould manufacturing specialist EMT Púchov s.r.o.

Continental has acquired the Slovak mould manufacturing specialist EMT Púchov s.r.o. All shares of Continental’s long-standing supplier were transferred to Continental at the beginning of April. The tyre manufacturer had previously entered into an agreement to this effect with EMT’s shareholders, Dynamic Design (Romania) being the majority shareholder. With the acquisition of EMT, Continental completes its internal portfolio for mold making technologies. From now on, the tyre manufacturer can independently produce tire molds for all applications if required. All 107 employees, who have specialist knowledge in mold manufacturing, have been taken on by Continental. Further details of the agreement were not disclosed.

An interdisciplinary, cross-border team from Grant Thornton Germany and Grant Thornton Slovakia led by Dr Stephane Müller, Klaus-Martin Haußmann, Dr Stefan Hahn (Germany) and Silvia Hallová and Filip Tichý successfully assisted Continental through the transaction with financial and tax due diligence.

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 2023, Continental generated sales of €41.4 billion and currently employs around 200,000 people in 56 countries and markets. EMT is an important manufacturer of special tyre moulds, especially for commercial vehicle and speciality tyres. The company specialises in the milling of steel moulds.