UK – Effective from February 3, the tyre supplier has taken full ownership of its former 50:50 joint venture, which is based in Fradley, UK and has a 150-strong workforce. Zytek will now operate as part of Continental Engineering Services (CES), providing engineering services to cover the chassis, interior and powertrain in alignment with CES’ portfolio.
Bernd Neitzel, managing director of CES, said the acquisition will enable his company to meet a growing demand 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,” he stated.
The terms of the acquisition have not been disclosed.