Italy, June 18 -- 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
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