HANOVER (dpa-AFX) - Cooper Standard (CPS) announced an agreement regarding the divestiture of its anti-vibration systems business to Continental AG. The agreement includes a binding offer from Continental AG to purchase substantially all of Cooper Standard's anti-vibration business in France and its respective interest in the joint venture in India.
Cooper Standard's AVS business has approximately 1,000 employees and offers a comprehensive portfolio of anti-vibration systems, technologies and products to automotive OEMs that mitigate vehicle NVH (noise, vibration and harshness), and enhance ride and handling.
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