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

18 Jun 2025 07:31 CEST

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.

More information:
Access the news on Oslo Bors NewsWeb site

649459_Mutares_CN_18_June_.pdf