Machine Tool Manufacturer, Czech VÚK Acquired by Continental
Continental has now completed the acquisition taken of the Czech machine tool manufacturer VÚK. The acquisition of VÚK further adds to and strengthens Continental’s presence in Otrokovice, which is home to Continental’s largest tyre plant with 4,500 employees.
Continental Buy Czech Tool Manufacturer
VÚK was founded in 1993 and based in Otrokovice, Czech Republic. The company produces machines for tyre assembly and organizes the entire production process from development to assembly and quality assurance.
“With this acquisition of VÚK, we are strengthening our production capabilities in terms of tyre assembly machines and are therefore supporting our growth strategy “Vision 2025”. Together we are not only expanding our portfolio, but also gaining new expertise in machine construction and strengthening Otrokovice as a technology site,” explained Bernhard Trilken, Head of Manufacturing and Logistics Tires.
At the Otrokovice plant, the company produce not only car, truck and industrial tyres but also tyre molds for the ‘Continental Molds and Machinery’ business unit (CMM), into which VÚK will be integrated. CMM is Continental’s internal developer and producer of tyre assembly machines and tyre molds.
“We are looking forward to working with the around 90 new colleagues who will be supporting us from Otrokovice. For us at CMM and for the Otrokovice site, this merger is an important component in consolidating our competitiveness,” stressed Didier Fuchs, Head of Continental Molds and Machinery.