Germany, June 20 -- Mutares SE & Co. KGaA and Continental group sector Automotive, which is planned to become the independent company Aumovio in September 2025, announced the signing of an agreement under which Mutares will acquire Continental's drum brakes production and R&D location in Cairo Montenotte (Italy). As part of the share deal, Mutares will take over all employees and business activities. The transaction is subject to customary closing conditions and approvals and is expected to close in the fourth quarter of 2025.The transaction strengthens Mutares' Automotive & Mobility segment as a new platform investment.Continental's location in Cairo Montenotte (Savona), Italy, is a production and R&D site for hydraulic drum brakes. It man...