Reuters logo
Continental agrees to buy Carlyle Group unit for $1.9 bln
February 10, 2014 / 3:30 PM / 4 years ago

Continental agrees to buy Carlyle Group unit for $1.9 bln

BERLIN, Feb 10 (Reuters) - Germany’s Continental has agreed to buy Veyance Technologies Inc. from U.S.-based buyout group Carlyle, for about 1.4 billion euros ($1.9 billion), to strengthen its industrial operations, the company said on Monday.

Hanover-based Continental said the acquired business generated earnings before interest, taxes, depreciation and amortization of $270 million in 2013.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below