Mutares to Acquire Continental's Italian Drum Brake Location
Deal News | Jun 18, 2025 | Mutares
Mutares, a private equity firm, has entered into an agreement to acquire the Continental Drum Brake location in Cairo Montenotte, Italy. This transaction includes the manufacturing and R&D facilities along with all employees and associated business activities. The acquisition aims to bolster Mutares' Automotive & Mobility segment. For Continental, the sale is part of a strategy to focus more closely on its core business areas, allowing for more efficient allocation of resources toward research, development, and future product technologies. The deal is set to close in the fourth quarter of 2025, following the listing of Continental's Automotive sector as an independent entity, Aumovio.
Sectors
- Automotive
- Private Equity
Geography
- Italy – The manufacturing and R&D location being acquired by Mutares is situated in Cairo Montenotte, Italy.
Industry
- Automotive – The article pertains to the automotive sector, involving the sale and acquisition of manufacturing and R&D facilities related to automotive brakes.
- Private Equity – The transaction involves Mutares, a private equity firm, acquiring a business segment to enhance its portfolio.
Financials
- Not disclosed – The financial details of the acquisition between Mutares and Continental have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mutares | Bidding Company | Company | A private equity firm acquiring the Continental Drum Brake location in Italy. |
| Continental | Selling Company | Company | An automotive company divesting its Drum Brake location in Italy to focus on core business areas. |
| Aumovio | New Independent Entity | Company | To be the future independent company after the listing of Continental's Automotive sector. |