Italian-based Brembo made a significant stride in its portfolio by acquiring Swedish suspension specialist Ohlins Racing.
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Italian brake manufacturer Brembo has announced a landmark deal to acquire Swedish suspension specialist Ohlins Racing for $405 million (R7, 059 billion, approximately). It marks Brembo’s largest acquisition to date. The purchase, which will be finalised in early 2025, will see Ohlins fully acquired from Tenneco, a company backed by Apollo Global Management.
Matteo Tiraboschi, Brembo’s Executive Chairman, described the acquisition as a strategic move to broaden the company’s portfolio, particularly in the automotive sector. Tiraboschi noted in a statement:
“Ohlins is a strong fit for Brembo. It is a world-renowned brand, with a solid business and an unrivaled reputation, both on the racetrack and the road. We welcome Öhlins to our Group as a great opportunity to expand our offerings for the automotive market.”
Earlier this month, Brembo raised over €280 million (R5, 350 billion, approximately) by selling its entire 5.6% stake in tyre manufacturer Pirelli, a move that effectively ended speculation about a potential merger between the two Italian firms.
Ohlins Racing, renowned for its cutting-edge mechatronic suspension technology, is expected to generate approximately $144 million in revenue by the end of the year. The company supplies high-performance products such as shock absorbers, front forks, and steering dampers, and its technology is used in top-tier motorsports, including Formula 1 and MotoGP. With 500 employees, Ohlins operates two production facilities in Sweden and Thailand, alongside two research and development centres and four distribution and testing sites in the U.S., Germany, Thailand, and Sweden.
Ohlins CEO, Tom Wittenschlaeger, expressed optimism about the future, saying:
“As we join forces with Brembo, we are excited to unlock new growth opportunities and leverage our respective strengths and assets to drive innovation and deliver even greater value to our customers and employees.”
