Brembo is buying Swedish suspension specialist Ohlins Racing for USD 405 million. Paid through available cash, this makes it Brembo’s biggest ever acquisition.
Brembo Executive Chairman Matteo Tiraboschi said Ohlins was a “strong fit,” helping it expand its offerings for the automotive market.
The Italian brake specialist, Brembo is controlled by the Bombassei family, with a stake of around 70 percent. Earlier this month, they raised more than 280 million euros in cash through the sale of its entire 5.6 percent stake in tire maker Pirelli, a move that also ended speculation about a merger between the two Italian groups.
With a revenue expected to reach around USD 144 million at the end of the year, Ohlins Racing produces a wide range of products, including shock absorbers, front forks, steering dampers, software, and algorithms. It is also a supplier of motorsports series including Formula 1 and MotoGP.
The group has 500 employees across two production facilities, in Sweden and Thailand, two R&D centers and four distribution and testing branches in the U.S., Germany, Thailand, and Sweden.
The acquisition is expected to close in early 2025.
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