- Brembo has acquired suspension producer Öhlins Racing for $405 million.
- The deal nonetheless wants ultimate regulatory approval, which ought to occur in 2025.
- If accepted, the acquisition would be the largest in Brembo’s historical past.
Brembo and Öhlins Racing simply inked a serious deal. The long-lasting brake producer simply acquired Öhlins from guardian firm Tenneco for $405 million, in line with a press launch from Brembo. Supplied the acquisition meets all of the regulatory approvals, will probably be the most important buy in Brembo’s historical past. It is going to additionally considerably increase Brembo’s choices within the automotive efficiency market.
Öhlins Racing is understood for performance-focused suspension elements for vehicles and bikes, each in road and racing functions. Based mostly in Stockholm, the corporate was based in 1976 and at present has two manufacturing amenities in Sweden and Thailand. It additionally has two analysis and growth facilities in these places, and there are 4 distribution and testing amenities in Sweden, Thailand, Germany, and america. Öhlins Racing at present employs roughly 500 folks.
“As we be a part of forces with Brembo, we’re excited to unlock new progress alternatives and leverage our respective strengths and belongings to drive innovation and ship even higher worth to our clients and workers,” stated Öhlins Racing CEO Tom Wittenschlaeger.
It is unclear at the moment if Brembo will make any vital adjustments to the workforce or product lineup. The brake producer has been increasing lately, together with the acquisition of SBS Friction in 2021 to deliver bike and ATV brake elements to its portfolio. Earlier this 12 months, Brembo introduced a brand new manufacturing facility in Thailand.
“Öhlins is a powerful match for Brembo,” stated Brembo Government Chairman Matteo Tiraboschi. “It’s a world-renowned model, with a strong enterprise and an unmatched fame, each on the racetrack and the highway. We welcome Öhlins to our Group as an important alternative to increase our choices for the automotive market. With this addition, we take one other step ahead in our technique to supply built-in clever options to our clients, leveraging synergies throughout key applied sciences within the car’s nook.”
The ultimate approvals for the deal ought to are available in 2025.
