The transaction will allow the Group to integrate brake pads in its two-wheeler product portfolio, strengthening its leadership in this strategic sector
Brembo has signed an agreement for the acquisition of a 100% stake in SBS Friction A/S, a Danish company which develops and manufactures very innovative and eco-friendly sintered and organic material brake pads for motorbikes.
The transaction will allow the integration of such a strategic component as brake pads in Brembo’s current product range, with particular attention to the environment, and further strengthening Brembo’s leadership in the motorbike sector.
This acquisition is in line with Brembo’s new mission to become a respected solution provider, with a view to meeting the new sustainable mobility paradigms and offering the best driving experience.
The transaction entails a consideration of 224 million Danish Kroner, equal to approximately €30 million, which will be paid using available cash, and is subject to the customary adjustment mechanisms as for similar transactions. Enterprise Value is 300 million Danish Kroner, equal to about €40.3 million. The agreement is expected to be finalised in the first quarter of 2021.
Senior Account Manager DACH / UK