Brembo, the Italian automotive group, has made a significant move by acquiring Öhlins Racing, a leading manufacturer of premium suspension systems for cars and motorcycles. This acquisition, valued at $405 million, marks Brembo's largest purchase to date and is part of its strategy to enhance its offerings in integrated automotive solutions.

Öhlins, founded in 1976 and based in Sweden, has a strong presence in major motorsport events, including MotoGP and Formula 1. The company is projected to generate approximately $144 million in revenue for 2024, with an impressive EBITDA margin of 21% to 22%. Brembo, which employs over 16,000 people and reported a turnover of €3.8 billion in 2023, views this acquisition as a strategic partnership that will allow it to expand its product range with innovative and integrated solutions.

Matteo Tiraboschi, Executive President of Brembo, emphasized that Öhlins is an ideal partner due to its recognized brand and solid business model. He believes this acquisition will propel Brembo forward in its strategy to offer smarter solutions in the automotive market. Tom Wittenschlaeger, CEO of Öhlins, echoed this sentiment, stating that the partnership will create new growth opportunities and enhance innovation for both companies.

The integration of Öhlins will help Brembo solidify its leadership in future mobility solutions, focusing on advanced technologies. This acquisition follows Brembo's previous purchases, including SBS Friction and J.Juan, which expanded its braking system offerings for motorcycles.

Öhlins will continue to operate in its existing markets, including original equipment, motorsport, and aftermarket sectors, while benefiting from synergies with Brembo's technology. The deal is pending approval from antitrust authorities, with completion expected by early 2025.

In addition to acquiring Öhlins, Brembo is investing in other strategic projects, such as a new production facility in Thailand dedicated to motorcycle braking systems. Jim Voss, CEO of Tenneco, which sold Öhlins, noted that the sale aligns with Tenneco's strategy to simplify its portfolio while enhancing its financial position.

Overall, this acquisition positions Brembo to strengthen its market presence and innovate within the automotive sector.