Brembo acquired SBS Friction
Brembo has entered into an agreement to acquire 100% of the Danish company SBS Friction A / S, a developer and manufacturer of innovative and sustainable motorcycle brake pads based on sintered and organic friction materials.
Brembo and SBS Friction
The deal will enable Brembo to include brake pads as an important component of the Brembo product line, as well as to pay particular attention to environmental protection, while strengthening the company’s position in the motorcycle sector.
The acquisition of a brake pad manufacturer is part of Brembo’s strategic mission to become a respected provider of end-to-end solutions that meet new sustainable mobility paradigms and deliver the best driving experience.
We are particularly pleased to welcome SBS Friction to our group, ”said Alberto Bombassi, Chairman of Brembo. -Despite the extremely difficult market situation, Brembo maintains its natural inclination to invest in innovation. This acquisition is an important step in our strategy, allowing us to combine even more competencies in a key sector for us and further strengthen our portfolio of solutions. “made in Brembo” for the benefit of our customers.
Brembo has long been a reliable partner of ours, who understands the value of SBS Friction’s technological know-how and its strong position in its niche, ”emphasized Peter Eriksen Jensen, Chairman of the SBS Group. -We are delighted that SBS Friction will have a strong and long-term industrial owner who will support the further development of the company. This deal is a great deal for SBS Group, SBS Friction, our employees and the city of Svendborg.
The deal is valued at DKK 224 million, equivalent to approximately EUR 30 million. This payment will be made from the company’s working capital and will be subject to the usual adjustments for such transactions. The value of the company is approximately DKK 300 million, which is equivalent to approximately EUR 40.3 million. The deal will be completed in the first quarter of 2021.