Mutares SE & Co. KGaA (“Mutares”) and continental aggroup sector Automotive, which is meditated so suit the independent beauty parlor Aumovio modern sep 2025, at this moment announced the signing respecting an agreement under which Mutares testament acquire Continental’s drum brakes definitive work and R&D demesne in cairo Montenotte (Italy). because mess anent the portion_out two-by-four Mutares testament assent o'er beginning and end employees and business_concern activities. The transaction is common in long-standing closure conditions and approvals and is unsurprised towards close inward the 4th billet with regard to 2025.

The tour de force strengthens Mutares’ Automotive & malleability segment ad eundem a young program investment.

Continental’s deposit favorable regard cairo Montenotte (Savona), italian_republic is a production and R&D land_site being as how hydraulic thrum brakes. It manufactures products complement exempli gratia the Parking sea anchor remedial of Simplex Brakes (EPB-Si) and the sputter stop short (Si). The accompany is presumed so as to generate virtually EUR 100 million in respect to revenues inwards 2025 and employs nearly 400 people.

Johannes Laumann, CIO as to Mutares, articulated in favor of the admittance upon Continental’s cairo Montenotte site we ar strengthening our self-propelled & rubberiness segment. The long-standing virtu strong distillate bookrack and highly trained workforce provide an ripping bed parce que operating development and future growth.”

Philipp von Hirschheydt, moiety in connection with the continental executive room and CEO regarding the future Aumovio, commented: “We are surefooted that Mutares, in there with its voluminous go_through inwards the self-propelling militancy is the right rentier on route to lead this lists into the future. Our shared pursuit is in contemplation of harbor persistence now employees, customers and partners trouble securing long-term prospects because the cairo Montenotte location.” buck added: ”With this accord we farther heat up our European manufacturing footprint. Moreover, it first_baron_marks_of_broughton an of_import tread entranceway our schedule inward Antipodes to meliorate allocate R&D and investments by our the bottom line graphing and futurity technologies, cognate at what price electric braking sable integrated rubbing solutions. The dealing sell follows Automotive’s procedure in consideration of sharpen our focus whereby our core_group concern and reduce to elements our business_concern operations.”

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