AUMOVIO and Mutares successfully complete transaction of drum brake location in Italy

• Transaction involves manufacturing and R&D location in Cairo Montenotte (Italy) including all employees and business activities
• Fast signing and closing underline AUMOVIO’s progress in consolidating European manufacturing footprint, strengthening the strategic focus on its core business  
• Acquisition to strengthen Mutares’ Automotive & Mobility segment  
• Revenues of about 100 million Euros expected for 2025  

Frankfurt and Munich, Germany, October 2, 2025. Technology company AUMOVIO, formerly the Automotive group sector of Continental, and Mutares SE & Co. KGaA (ISIN: DE000A2NB650 “Mutares”) have successfully completed the acquisition of AUMOVIO’s drum brake production and research and development (R&D) location in Cairo Montenotte (Savona, Italy). As part of the share deal, signed on June 18, 2025, Mutares has taken over all employees and business activities. The transaction strengthens Mutares’ Automotive & Mobility segment as a new platform investment.  

The location in Cairo Montenotte is a production and R&D site for hydraulic drum brakes. It manufactures products such as the Parking Brake for Simplex Brakes (EPB-Si) and the Drum Brake (Si). The company employs around 400 people and is expected to generate about 100 million Euros of revenues in 2025.

AUMOVIO CEO Philipp von Hirschheydt said: “We have signed and closed the deal in a very short period of time. This transaction proves that we are delivering and executing our strategy. It is an important step in strengthening our core business by focusing R&D resources and investments on future technologies, and it also demonstrates our progress in consolidating our European manufacturing footprint. At the same time, the new ownership ensures continuity for employees, partners and customers.”