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The eBearing News
October 20, 2003
Continental Acquires Japanese
Bearing Sensor Manufacturer
copyright © 2003 eBearing Inc.
Continental Teves Corporation (CTC, a division of Continental Teves, Germany) has acquired a key
supplier and leading Japanese manufacturer of ABS and wheel bearing
speed sensors.
CTC, formed in 2000, is a joint venture division of Continental AG (Germany)
and ABS brake specialist Nisshinbo Industries (Japan).
The venture extended Nisshinbo's ABS braking system technical reach and allowed
Continental better access to Nisshinbo's traditional customer base of Japanese and Korean automakers.
By 2004/2005, Continental Teves Corporation has stated it intends to be a fully integrated brake and
chassis supplier to Japanese and Korean automakers.
Toward that goal, CTC has now acquired its regional supplier of bearing/wheel speed sensors, a
division of Nagano Japan Radio Company, Ltd. (Japan). With 1,350 employees and plants in Japan and China,
Nagano has been supplying wheel speed sensors exclusively for Continental Teves since 1997.
The Japanese and Chinese manufacturing operations were acquired in two separate transactions.
In 2002, Nagano produced almost 13 million wheel speed sensors, worth almost USD $65 million,
for CTC. Currently, most of the production is being done in China.
"These acquisitions represent a further landmark in our long-term strategy for the Asia region,"
said Dr. Wolfgang Ziebart, head of Continental Teves Corporation.
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Unauthorized reproduction is prohibited.
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eBearing.com ... for everything that moves™
Entire contents Copyright 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered
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eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
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