Global automotive components maker Advik has announced the acquisition of Powersports MTG, a German manufacturer specializing in mechanical and hydraulic braking systems, for an undisclosed amount. This strategic acquisition enhances Advik’s expertise in premium motorcycle safety components, bolstering its capabilities in both internal combustion engine (ICE) and electric-powered commuter motorcycles and scooters, the company stated.
The acquisition, executed through ADVIK Singapore Pte Ltd, Advik’s Singapore subsidiary, is expected to drive the development of next-generation braking solutions. Powersports MTG concluded 2024 with strong revenue approaching 30 million euros, adding significant value to Advik’s business portfolio.
The acquisition positions Advik as a supplier of advanced brake systems, aligning with its ambitious growth plans. It also marks a significant step in establishing a European footprint, enabling Advik to expand and serve customers directly within the region. This move not only broadens Advik’s geographical reach but also diversifies its product portfolio and customer base.
Advik highlighted that this acquisition brings access to hydraulic braking and clutch technologies, supported by 60+ patents. Powersports MTG caters to leading two-wheeler OEMs in Europe and the USA, providing braking and clutch systems. Commenting on the development, Advik's management noted that the deal furthers the company’s vision of becoming a global leader in braking systems for two-wheelers, including motorcycles and scooters.
Bhartia, a representative from Advik, stated, “This acquisition is very strategic to Advik, granting us access to advanced hydraulic braking and clutch technology. It also strengthens our European presence, allowing us to expand and service customers more effectively. This is a critical step toward our goal of being a leading global supplier of braking systems for two-wheelers.”
We use cookies to ensure you get the best experience on our website. Read more...
