The acquisition is valued at $405 million, the largest in Brembo’s history.
Share Post
The acquisition is valued at $405 million, the largest in Brembo’s history.
Popular two-wheeler brake manufacturer Brembo has acquired another popular original component manufacturer of premium suspensions, Öhlins Racing. The acquisition occurred after Brembo signed an agreement with Tenneco, a portfolio company of funds managed by affiliates of Apollo Global Management Inc. The acquisition is valued at $450 million, making it the largest in Brembo’s history.
The purchase will be made on a cash-free, debt-free basis and will be subject to regulatory approvals. The deal is expected to close by early-2025. The latest acquisition comes after the Netherlands-based company acquired SBS Friction in Denmark and J.Juan in Spain – both of which are rival brake manufacturers.
With Öhlins, Brembo aims to expand its offerings in the automotive market and work on integrated intelligent solutions by leveraging synergies across key vehicle technologies. As for Öhlins Racing, the acquisition will unlock new growth opportunities and deliver greater value to its customers and employees. Currently, Öhlins Racing is working on developing its next generation of mechatronic suspension technology, which is expected to complement Brembo’s future solution provider for future mobility.
Kia Syros vs Tata Punch vs Hyundai Exter: Specs & Dimensions Compared
Pratik Rakshit 21 Dec, 2024, 1:58 PM IST
Hyundai to Preview Creta EV at Bharat Mobility Expo 2025
Pratik Rakshit 21 Dec, 2024, 1:21 PM IST
Lexus Concept LF-ZC Electric Sedan To Be Showcased At Bharat Mobility Global Expo 2025
Pratik Rakshit 21 Dec, 2024, 1:07 PM IST
GST Council Hikes Tax on Used EVs to 18 Per Cent: What It Means To You
Pratik Rakshit 21 Dec, 2024, 12:25 PM IST
Maruti Suzuki e Vitara to Debut Next Month: What We Know So Far
Pratik Rakshit 21 Dec, 2024, 9:48 AM IST
We promise the best car deals and earliest delivery!