# ITT and Continental AG sign 10-year aftermarket brake pads agreement

ITT Inc. signed a 10-year strategic agreement with Continental AG to supply aftermarket brake pads, expected to generate over $1 billion in revenue. The contract begins January 1, 2024, and includes exclusive supply of brake pads and brand licensing.

- Type: Contract
- Announced: 2023-03-20
- Value: $1.00B
- Status: announced
- Products: aftermarket brake pads, copper-free pads, ceramic pads
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ITT Inc.](https://endata.com/companies/4662.md)
- [Continental](https://endata.com/companies/925.md) (customer)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20230320005217/en/ITT-And-Continental-AG-Sign-10-Year-Strategic-Aftermarket-Agreement), 2023-03-20: "The agreement is expected to generate more than $1 billion in revenue over the term."
- [aftermarketinsight.spglobal.com](https://aftermarketinsight.spglobal.com/news/2031/itt-continental-sign-10-year-strategic-aftermarket-agreement), 2023-04-12: "ITT Inc. announced that it has signed a 10-year strategic agreement for the supply of aftermarket brake pads to Continental AG."

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