Yahoo Autos Famed Brake Manufacturer Brembo Buys Öhlins for $405 Million
Brembo has acquired the Swedish suspension company Öhlins from its parent company Tenneco for $405 million.
The purchase will be made with Brembo's available cash but requires final regulatory approval that's expected to take place in 2025.
If it's approved, the purchase will be the largest acquisition in Brembo's history, and the brake manufacturer will take a 100 percent stake in Öhlins.
Two automotive parts juggernauts are coming together, with the Italy-based brake producer Brembo purchasing the Swedish suspension company Öhlins outright from its parent company, Tenneco, for $405 million. The acquisition would be the largest in Brembo's history and would elevate the brand's reach in the racing and aftermarket industries. "We welcome Öhlins to our Group as a great opportunity to expand our offerings for the automotive market," said Matteo Tiraboschi, Brembo's executive chairman.
The sale still requires final regulatory approval. Öhlins's current portfolio includes shock absorbers, front forks, steering dampers, software and algorithms, and various accessories. Like Brembo, Öhlins is heavily involved in motorsports supplying parts to teams in MotoGP, Formula 1, World Superbike, and NASCAR, among others.
Brembo hasn't laid out a full blueprint for its plans with the suspension company yet, but the purchase continues a recent trend of Brembo buying brands involved in racing, including AP Racing, J.Juan, and SBS Friction. Regulatory approval for the sale is expected to occur in early 2025.
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