Continental Brakes Italy Sells to Mutares
Deal News | Jun 18, 2025 | Finance Community IT - 3 Private Equity
Mutares, a German private equity firm known for its restructuring expertise, has agreed to acquire Continental Brakes Italy from the Continental Group. This automotive division, which will become the independent company Aumovio by September 2025, specializes in the production and R&D of drum brakes at its facility in Cairo Montenotte, Savona. The acquisition will transfer all employees and business activities to Mutares, further strengthening its Automotive & Mobility segment. The Continental site is engaged in the production of hydraulic drum brakes and electric parking brakes, employing approximately 400 people with an expected revenue of €100 million by 2025. The transaction, which aligns with Continental's strategy to focus more on core activities and new technologies like electric brakes, will conclude in the fourth quarter of 2025, subject to customary approvals. Key figures such as Mutares CIO Johannes Laumann and Philipp von Hirschheydt of Continental have expressed confidence in the deal, emphasizing operational development and long-term strategic alignment in Europe.
Sectors
- Automotive
- Private Equity
Geography
- Italy – The location where Continental Brakes Italy is based and where the acquisition activities are taking place.
- Germany – The home country of Mutares, which is acquiring Continental Brakes Italy.
Industry
- Automotive – The industry involves companies that design, develop, manufacture, market, and sell motor vehicles. Continental Brakes Italy is a part of this, being a manufacturer of hydraulic drum brakes and electric parking brakes.
- Private Equity – Mutares' acquisition of Continental Brakes Italy is a significant activity within the private equity sector, showcasing investment and restructuring processes.
Financials
- €100 million – Expected revenue for Continental Brakes Italy by 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Continental Brakes Italy | The Target company | Company | A division of the Continental Group specializing in brake systems and R&D, located in Cairo Montenotte, Italy. |
| Mutares | The Bidding Companybuyer | Company | A German private equity firm specializing in turnaround investments and restructuring. |
| Continental Group | The Selling Company | Company | A major automotive manufacturer which is divesting Continental Brakes Italy as part of its strategy. |
| Aumovio | Emergent independent company | Company | The future independent entity that Continental Group plans to form by 2025. |
| Johannes Laumann | CIO of Mutares | Person | Chief Investment Officer of Mutares who commented on the strategic importance of the acquisition. |
| Philipp von Hirschheydt | Member of the executive committee of Continental | Person | Executive at Continental and future CEO of Aumovio, commenting on the strategic alignment with Mutares. |
| Magirus | Formerly acquired company | Company | A technologically advanced provider of firefighting technology, transferred by Mutares from Iveco Group in January 2025. |