Tenneco to sell Öhlins Racing to Brembo
Tenneco has entered into an agreement to sell Öhlins Racing, a manufacturer of premium suspension technology, to Brembo, the leading braking systems and components manufacturer.
The acquisition is subject to customary regulatory approvals and is expected to close in early 2025. It will be the largest acquisition in Brembo’s history, with a purchase price of €370 million.
According to Tenneco, the sale marks a key milestone in advancing the company’s strategic priorities.
“This sale not only positions Öhlins Racing and its employees for continued success under Brembo’s leadership in the market, but it also supports Tenneco’s strategy of streamlining our business portfolio and strengthening our balance sheet as we continue to execute on our long-term vision,” said Jim Voss, CEO of Tenneco.
Matteo Tiraboschi, Brembo executive chairman added: “Öhlins 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. With this addition, we take another step forward in our strategy to provide integrated intelligent solutions to our customers, leveraging synergies across key technologies in the vehicle’s corner.”