According to foreign media reports, on October 11, Italian brake system manufacturer Brembo said that it had agreed to acquire a 100% stake in Swedish suspension system manufacturer Ohlins Racing for US$405 million.
This is Brembo’s history.
The largest acquisition ever.
Brembo said in a statement that the acquisition has been agreed with Tenneco, owner of Ohlins Racing, is expected to be completed in early 2025, and the acquisition funds will be paid in cash.
, Brembo’s statement also added that Ohlins Racing is committed to developing next-generation electromechanical suspension technology for roads and racetracks, and the acquisition of the company will strengthen Brembo’s mission to be a provider of future mobility solutions.
, Brembo Chairman and CEO Matteo Tiraboschi said Ohlins Racing and Brembo’s products are “highly compatible” and will help Brembo expand its automotive market product line.
“With Ohlins Racing’s products as a supplement, Brembo takes another step forward in its strategy of providing customers with comprehensive intelligent solutions, taking full advantage of the synergy between key technologies in the automotive sector.
” Tom Wittenschlaeger, CEO of Ohlins Racing, said: “We are pleased to work with Brembo to explore new growth opportunities and leverage our respective strengths and resources to drive innovation and create greater value for our customers and employees.
“, In the deal, BofA Securities served as Brembo’s financial adviser, while Jefferies served as Tenac’s chief financial adviser.
, Photo source: Brembo, Brembo is controlled by the Italian Bombassei family, with a shareholding ratio of approximately 70%.
Earlier this month, Brembo raised more than 280 million euros in cash by selling its entire 5.
6% stake in Italian tire maker Pirelli, a move that also ended speculation that Brembo and Pirelli might merge.
Brembo currently has 500 employees, two production sites in Sweden and Thailand, two R & D centers, and four distribution and testing departments in the United States, Germany, Thailand and Sweden.
, Ohlins Racing produces a wide variety of products, including shock absorbers, front forks, steering shock absorbers, software and algorithms.
The company is also a supplier to racing championships such as Formula 1 and MotoGP.
By the end of this year, Ohlins Racing’s revenue is expected to reach approximately US$144 million.
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