ContiTech Buys Conveyor Belt Operations from Roulunds Tech

Hanover, February 14, 2006. The ContiTech Conveyor Belt Group, Northeim, is buying the conveyor belt operations of the Danish company Roulunds Tech A/S, Odense, subject to the approval of the antitrust authorities. The relevant agreements have now been signed on Monday evening. In the special conveyor belt sector, Roulunds Tech A/S posted sales of approximately 10 million euros in 2005. The parties have agreed not to disclose the purchase price.

"With this acquisition, we are strengthening our Industry and Engineered Products segments," says Hans-Jürgen Duensing, who is in charge of the ContiTech Conveyor Belt Group. "The products of Roulunds Tech are a sensible addition to our assortment. We are now in an even better position to help our customers with all their conveyor belt needs. At the same time, we are expanding our global presence."

The special conveyor belt products include MAXOFLEX® vertical lift belts with sidewalls; the SICON® system, an enclosed conveying system which can negotiate very sharp corners whereby the belt edges are brought together to form an enclosed loop, thus preventing the material being conveyed from polluting the environment; steep-angle belts; and conveyor belts for transporting hot materials, for instance in cement and clinker plants.