Italian braking giant Brembo purchases Öhlins Racing.
Brembo signed an agreement with Tenneco, a portfolio company of funds managed by affiliates of Apollo Global Management, Inc., for the acquisition of a 100 per cent stake in Öhlins Racing.
This deal is the largest acquisition in Brembo’s history, at USD 405 million, (RM 1,735.22 million). The acquisition is subject to customary regulatory approvals and is expected to close in early 2025.
This acquisition continues Brembo’s investment in the motorcycle and motor racing area. In 2021 the Group acquired SBS Friction in Denmark and J.Juan in Spain, completing the offer of braking system solutions dedicated to two-wheelers. In February of this year, Brembo announced its entry into Thailand with a new production site dedicated to braking systems for motorcycle manufacturers. Brembo also controls Marchesini, the leading brand in the design and production of light alloy wheels for racing and road motorcycles.
The two-wheeler business is today worth approximately 13% of Brembo’s total revenues.
Founded in 1976, Öhlins Racing is based in Upplands Väsby (Stockholm), Sweden, and has a strong international footprint. Öhlins employs approximately 500 people across two production facilities located in Sweden and Thailand, two R&D centers in Sweden and Thailand, and four distribution and testing branches in the U.S., Germany, Thailand and Sweden.
