Brembo and Öhlins Racing simply inked a significant deal. The long-lasting brake producer simply acquired Öhlins from dad or mum firm Tenneco for $405 million, based on a press launch from Brembo. Offered the acquisition meets all of the regulatory approvals, it will likely be the biggest buy in Brembo’s historical past. It can additionally considerably broaden Brembo’s choices within the automotive efficiency market.
Öhlins Racing is understood for performance-focused suspension parts for vehicles and bikes, each in road and racing functions. Based mostly in Stockholm, the corporate was based in 1976 and at the moment has two manufacturing services in Sweden and Thailand. It additionally has two analysis and improvement facilities in these areas, and there are 4 distribution and testing services in Sweden, Thailand, Germany, and the US. Öhlins Racing at the moment employs roughly 500 folks.
“As we be a part of forces with Brembo, we’re excited to unlock new development alternatives and leverage our respective strengths and belongings to drive innovation and ship even higher worth to our clients and staff,” mentioned Öhlins Racing CEO Tom Wittenschlaeger.
It is unclear presently if Brembo will make any vital adjustments to the workforce or product lineup. The brake producer has been increasing in recent times, together with the acquisition of SBS Friction in 2021 to carry 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,” mentioned Brembo Govt Chairman Matteo Tiraboschi. “It’s a world-renowned model, with a stable enterprise and an unmatched status, each on the racetrack and the highway. We welcome Öhlins to our Group as an amazing alternative to broaden 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.
