Veyance Technologies (Continental Tires)
PE-OwnedCarlyle Group acquired Continental AG's power transmission and conveyor belt business for $1.9B in 2014, rebranding it Veyance Technologies. Sold back to Continental for $1.9B in 2015 after restructuring.
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Ownership Information
Veyance Technologies (Continental Tires) is owned by The Carlyle Group. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
1871
Veyance Technologies (Continental Tires) founded
2014
Acquired by The Carlyle Group for $1.9B
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