# Continental acquires Rico Auto's 50% stake in Continental Rico Hydraulic Brakes India

Continental acquired Rico Auto Industries Limited's 50% shares in the joint venture Continental Rico Hydraulic Brakes India Ltd., making it a wholly owned subsidiary. The plant in Gurgaon, India, produces hydraulic brake system components for OEM customers.

- Type: Acquisition
- Announced: 2022-04-22
- Where: Gurgaon, near New Delhi, India, India
- Status: completed
- Products: hydraulic brake system components, calipers, drum brakes, master cylinders, brake boosters, load sensing proportioning valves
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Continental](https://endata.com/companies/925.md) (acquirer)
- [Rico Auto Industries](https://endata.com/companies/33572.md) (target)

## Sources

- [reifendirekt.com](https://www.reifendirekt.com/RDNews1583.html), 2022-04-22: "The international automotive supplier Continental, has acquired Rico Auto Industries Limited’s 50 percent shares in the joint venture Continental Rico Hydraulic Brakes India Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.