Mutares to acquire Continental’s Drum Brakes and R&D from Continental.

Mutares, a private equity holding company, agreed to acquire Continental’s Drum Brakes and R&D, a manufacturer of hydraulic drum brakes from Continental. Financial terms were not disclosed. “With the acquisition of Continental’s Cairo Montenotte site, we are strengthening our Automotive & Mobility segment. The long-standing expertise, strong product portfoli,o and highly skilled workforce provide an excellent foundation for operational development and future growth,” Johannes Laumann, Mutares CIO.