ČGS acquires Business Unit Agro from Continental

Business Unit Agro will be further developed after acquisition

The ČGS - group acquired the business unit Agro from Continental AG, Hannover, with around 550 employees in the Czech Republic, Germany and other countries. The acquisition is part of the strategic concept of ČGS to further intensify its strategic focus on the development of its off-road tyres segments (agricultural, industrial and sport motorcycle tyres) and is extending the intensive co-operation with Continental.

The ČGS - group will integrate Continental's business unit Agro as a separate unit into its Tyre Division, operated by Mitas a.s. 

Along with the transfer of the business unit, a long term trademarks license agreement has been signed to provide the right to use the trademarks of Continental, Semperit, Barum and Euzkadi. Continental and the ČGS will enlarge their intensive co-operation in many fields by a number of service agreements, which will enable continuity in the providing of certain services from Continental as one of the worlds leading automotive suppliers for the acquired Agro tyres unit.