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Mutares SE & Co. KGaA has signed an agreement to acquire Continental's drum brakes production and R&D site in Cairo Montenotte, Italy, including all employees and business activities. The site generates about €100 million in annual revenue and employs around 400 people.
“With the acquisition of the Continental’s Cairo Montenotte site we are strengthening our Automotive & Mobility segment.”eqs-news.com
Summarized from public sources; check the original articles before acting on it.