Autocomp maker Advik acquires German braking system manufacturer Powersports MTG

Pune-based automotive components maker Advik has acquired German mechanical and hydraulic braking system manufacturer Powersports MTG. The acquisition was executed through Advik's Singapore subsidiary ADVIK Singapore Pte Ltd.Powersports MTG GmbH was created as a spin-off company for the Bad Urach (Germany)-powersports business from Gustav Magenwirth GmbH & Co KG, known as MAGURA for developing, producing and marketing components with a focus on brake and clutch systems for two-wheelers. Powersports ended 2024 with a revenue of around 30 million euros.Powersports customers include leading two-wheeler OEMs in Europe and the USA for braking and clutch systems.