Mutares and Continental signed agreement on acquisition of Continental Drum Brake Location in Italy

Mutares and Continental signed agreement on acquisition of Continental Drum Brake Location in Italy

• Transaction involves its manufacturing and R&D location in Cairo Montenotte (Italy) including all employees and business activities
• Acquisition to strengthen Mutares’ Automotive & Mobility segment
• Continental group sector Automotive further consolidates European manufacturing footprint and strengthens strategic focus on its core business, enabling it to better allocate R&D and investments with product strategy and future technologies
• Closing expected in the fourth quarter of 2025 after the listing of Continental group sector Automotive as independent company Aumovio

Please see attached PDF to view the full announcement.