Brembo Simply Purchased Ohlins for $405 Million
- Brembo has acquired suspension producer Öhlins Racing for $405 million.
- The deal nonetheless wants closing regulatory approval, which ought to occur in 2025.
- If permitted, the acquisition would be the largest in Brembo’s historical past.
Brembo and Öhlins Racing simply inked a serious deal. The enduring brake producer simply acquired Öhlins from father or mother firm Tenneco for $405 million, in accordance with a press launch from Brembo. Offered the acquisition meets all of the regulatory approvals, will probably be the biggest buy in Brembo’s historical past. It’ll additionally considerably develop Brembo’s choices within the automotive efficiency market.
Öhlins Racing is thought for performance-focused suspension parts for vehicles and bikes, each in avenue and racing purposes. Primarily based in Stockholm, the corporate was based in 1976 and at present has two manufacturing services in Sweden and Thailand. It additionally has two analysis and improvement facilities in these places, and there are 4 distribution and testing services 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 better worth to our clients and workers,” stated Öhlins Racing CEO Tom Wittenschlaeger.
It is unclear at the moment if Brembo will make any important 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 parts to its portfolio. Earlier this yr, Brembo introduced a brand new manufacturing facility in Thailand.
“Öhlins is a robust match for Brembo,” stated Brembo Government Chairman Matteo Tiraboschi. “It’s a world-renowned model, with a stable enterprise and an unequalled status, each on the racetrack and the street. We welcome Öhlins to our Group as a fantastic alternative to develop 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 automobile’s nook.”
The ultimate approvals for the deal ought to are available 2025.
