Mutares, an international private equity investor, has completed the acquisition of Aumovio’s drum brake production and research and development (R&D) site in Cairo Montenotte in Italy. As part of the share deal, Mutares has taken over all employees and business activities of Aumovio, a technology company that was formerly the automotive group sector of Continental. The transaction is intended to strengthens Mutares’ Automotive & Mobility segment as a new platform investment.
The Cairo Montenotte facility 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 drum brakes (Si). The company employs around 400 people and is expected to generate about EUR 100 million of revenues in 2025.
Aumovio CEO Philipp von Hirschheydt said: “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.”
