Brembo on Friday introduced its acquisition of Öhlins Racing, a well known producer of efficiency suspension parts for automobiles and bikes.
The acquisition value—$405 million—is the most important each paid by Brembo to amass one other firm, in accordance with the corporate, which added that the deal remains to be topic to regulatory approval and is anticipated to shut in early 2025.
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“Öhlins is a powerful match for Brembo,” Matteo Tiraboschi, Brembo govt chairman, stated in an announcement. “It’s a world-renowned model, with a strong enterprise and an unmatched fame, each on the racetrack and on the street.”
Based in 1976 and primarily based close to Stockholm, Sweden, Öhlins designs and manufactures a wide selection of suspension parts for aftermarket and motorsports use, having provided elements to MotoGP, System 1, World Superbike, NASCAR, and different race sequence through the years. Its dampers are additionally utilized by automakers in autos starting from the Ariel Nomad to the Polestar 2.
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Öhlins employs roughly 500 individuals throughout two manufacturing amenities and two R&D amenities (one every in Sweden and Thailand), and distribution facilities and testing facilities within the U.S., Germany, Sweden, and Thailand.
The corporate’s mixture of racing and road-car expertise ought to complement Brembo, which provides brakes for main racing sequence and efficiency street automobiles. Brembo-branded braking techniques seem on every thing from the Subaru BRZ tS to the Bugatti Bolide. The acquisition additionally marks Brembo’s continued push into motorbike parts, following its acquisition of motorcycle-brake specialists SBS Friction and J.Juan in 2021.