Master Freios to acquire European Braking Systems for GBP 56M

Master Freios, a joint venture of Randoncorp and Cummins, agreed to acquire European Braking Systems Ltd, a UK supplier of air brake parts, for approximately GBP 56 million. The transaction is subject to regulatory approval.

“Master Freios, a manufacturer of brake systems for trucks, buses and trailers, based in Caxias do Sul (RS) – a joint venture subsidiary of Randoncorp and Cummins Inc – has announced it has reached agreement to acquire control of European Braking Systems Ltd of Manchester, UK”truckandbusbuilder.com

• 1 source
• truckandbusbuilder.comMaster Freios signs GBP56m deal to buy European Braking Systems in the UKJose SeccoNov 22, 2024

Summarized from public sources; check the original articles before acting on it.