The news was attributed to Conti chairman Manfred Wennemer.
Wennemer, reportedly, described the hope for acquisitions as being in the $1 billion range. There was no word as to whether any of the planned buys involves another tire company or specific part of the world.
Wennemer also said that Conti may consider another run at buying Siemens VDO, even if it goes public, as Siemens AG plans.