# 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.

- Type: Acquisition
- Announced: 2024-11-22
- Where: Trafford Park, Manchester, United Kingdom
- Value: $71.0M (56.0M GBP)
- Status: announced
- Products: brake systems, air brake parts, vehicle control systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Cummins](https://endata.com/companies/6668.md) (investor)
- [Randoncorp](https://endata.com/companies/80495.md) (investor)
- [Master Sistemas Automotivos Ltda (Master Freios)](https://endata.com/companies/81227.md) (acquirer)
- [European Braking Systems Ltd](https://endata.com/companies/81228.md) (target)

## Sources

- [truckandbusbuilder.com](https://truckandbusbuilder.com/article/2024/11/22/master-freios-signs-gbp56m-deal-to-buy-european-braking-systems-in-the-uk), 2024-11-22: "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"

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