Suggestions
    Go directly to
      Press Release
      October 04, 2016

      Continental Strengthens Technology Expertise with New Acquisitions

      • Technology company strengthens its position in the fields of ultra-high performance tires and fleet management solutions
      • Acquisition of tire specialist Hoosier Racing Tire by US subsidiary Continental Tire the Americas
      • Purchase of a majority stake in fleet management expert Zonar

      Hanover, October 4, 2016. The Continental Corporation continues to expand its leading technology expertise with targeted acquisitions as announced. The international automotive supplier, tire manufacturer and industrial partner has acquired the tire specialist Hoosier Racing Tire (Lakeville, Indiana, USA), as well as a majority stake in Zonar Systems Inc. (Seattle, Washington, USA), a company specializing in fleet management solutions. It was agreed in both cases that the purchase price would not be disclosed.

      Hoosier Racing Tire – Leading Manufacturer of Racing Tires

      The company which calls the U.S. state of Indiana home currently has around 500 employees and is considered one of the largest manufacturers of racing tires in the world. Continental and Hoosier can already look back on seven years of successful collaboration. During this time, the two companies have worked together on various development and motorsport projects.

      The purchase of Hoosier Racing Tire was completed on October 3, 2016. The company, founded in 1957, has been in private ownership up until the sale to Continental Tire the Americas.

      Zonar – Intelligent Fleet Management Solutions for Commercial Vehicles

      With a total of 330 employees, Zonar provides solutions for managing private and public commercial vehicle fleets in the North American market. With a majority stake in Zonar, Continental expands its presence in the US market. This combination results in one of the world’s leading providers of fleet management solutions.

      The purchase contract gives Continental a stake in Zonar amounting to approximately 81 percent of the total shares. Daimler AG retains its existing share, which amounts to more than 19 percent. The transaction has obtained the required vote of the Zonar shareholders. Approval of the antitrust authorities is still required to complete the purchase. The share acquisition is expected to be completed in the middle of the fourth quarter of 2016.

      Available documents

      Cookie Policy

      We use cookies to provide you with the best experience on our website. Click on "Accept all" to allow all cookies or "Change cookie settings" to decide individually.

      Note: If you consent to the use of performance cookies, you also consent to the transfer of your personal data to insecure third countries (e.g. to the USA). These insecure third countries do not provide a level of data protection comparable to EU standards. In the case of certain third party providers, such as Google and Mouseflow, no other guarantees are offered to compensate for this deficit. There is therefore a risk that the transmission of your personal data may result in state authorities accessing your personal data without you having effective legal protection options.

      For more information on performance technologies and the transfer of data to third countries, please refer to the privacy policy.

      By clicking the "Accept all" button, you explicitly consent to this. Consent can be revoked at any time by changing the cookie settings. The further processing of data already collected before revocation by the third-party provider cannot be excluded.

      A cookie is a small data file that is stored on your device. We use cookies to provide basic and convenience functionalities, measure website performance and analyze user behavior on the website. 

      Required cookies are always activated because they are indispensable for the operation of the website and to store your cookie consent. Functional and performance cookies are optional. All optional cookies are deactivated by default.

      You can change your cookie settings at any time by visiting our Cookie Policy or by clearing the cache in your browser. 

      Show more Show less
      Back
      Required cookies Required

      These cookies are required to provide you with key functions.

      Functional cookies

      These cookies are used to provide certain functionalities to you.

      Performance cookies

      These cookies are used to measure website performance and user behavior. All collected data are analyzed anonymously.