Brembo has signed an agreement for the acquisition of a 100 per cent 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 entails a consideration of 224 million Danish Kroner, equal to approximately €30 million. 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.
Brembo says this acquisition is in line with its new mission of becoming a respected solution provider, with a view to meeting the new sustainable mobility paradigms and offering the best driving experience.
The company will integrate the SBS Friction components into its range once the deal is finalised.
“We are particularly glad to welcome SBS Friction in our Group”, stated Alberto Bombassei, chairman of Brembo.
“Despite the highly complex market context, Brembo has maintained its natural propensity to invest in innovation. This acquisition is an important step in our strategy: it enables us to integrate even more specific competences in a key sector, to further strengthen our range of ‘made-in-Brembo’ solutions for the benefit of our customers.”