Germany's Continental AG acquires US Hoosier tyre maker

摘要

Germany-based technology company Continental AG has acquired US-based Hoosier Racing Tire, a manufacturer of specialty tyres, Continental's Americas office announced. Kathryn Blackwell, a spokesperson for Continental Automotive, said Wednesday that financial details were not publicly available. Nikolai Setzer, executive board member for Continental's tyre business, said the acquisition will help the German company's growth strategy, particularly in the 'ultra-high performance segment'.