The ContiTech Conveyor Belt Group, Northeim, Hanover, Germany, is strengthening its conveyor belts business for industrial applications with the acquisition of Metso´s industrial conveyor belt operations based in Helsinki, Finland.
Both sides have agreed not to disclose the purchase price. Transfer of the business is scheduled for Q4 2013.
Relating documents have been signed by both parties, and the transaction scope includes a production plant in Kalkku, Finland, where ContiTech will continue to manu