Continental: Contitech Acquires FABA
Oct 1 (Reuters) - CONTINENTAL AG CONG.DE:
CONTITECH ACQUIRES FABA AND STRENGTHENS ITS CONVEYOR BELT BUSINESS IN THE MIDDLE EAST
TRANSACTION BECAME EFFECTIVE TODAY, OCTOBER 1
AROUND 130 EMPLOYEES ARE TRANSFERRING TO CONTITECH’S INDUSTRIAL SOLUTIONS EMEA BUSINESS UNIT
BOTH PARTIES HAVE AGREED NOT TO DISCLOSE THE FINANCIAL DETAILS OF THE ACQUISITION
Further company coverage: CONG.DE