Continental said on Thursday (3 April) it took over full ownership of its former joint venture, Zytek Automotive, based in Fradley in the United Kingdom, on 3 February.
The diverse supplier previously had a 50% shareholding in Zytek Automotive. Both companies had agreed not to disclose the price for the acquisition.
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Zytek now operates as a part of the Continental Engineering Services (CES) organisation in the United Kingdom, with complete service and technology, providing engineering services covering chassis, interior and powertrain.
“This acquisition allows us to meet the increasing need for engineering services. Whether it’s from vehicle manufacturers or suppliers – we are seeing an increase in requests for special customer-specific designs and for components for small-scale production runs or niche vehicles, in areas such as electronic brakes, the chassis and the powertrain”, said Bernd Neitzel, managing director of Continental Engineering Services.
Zytek employs about 150 people at its headquarters in Fradley near Birmingham and has particularly well-developed expertise in all areas of automotive technology and vehicle engineering.
“With over 30 years of automotive experience, Zytek’s highly-qualified employees are experts in their field. They work to high standards and react rapidly and flexibly to their customers’ requests. Two experienced and highly-motivated companies such as Zytek and Continental Engineering Services make a perfect match”, added Neitzel.
Zytek’s customers include vehicle manufacturers in Europe, the US and Japan. The company’s main focus of activity has so far been on conventional, electrical and hybrid drive systems for passenger cars and commercial vehicles.
