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ADVIK, through its Singapore subsidiary, acquired Powersports MTG GmbH, a German manufacturer of motorcycle braking and clutch systems spun off from MAGURA. The acquisition expands ADVIK's product range and customer base in Europe and the USA.
“This acquisition of the two-wheeler braking system of MAGURA, with a rich history of more than 100 years, not only brings advanced technology for hydraulic braking and clutch system to larger part of the World, it also adds manufacturing and research & development capabilities in Germany.”businessnewsthisweek.com
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