Brembo has announced that it has acquired 100% of the shares of the renowned Spanish brake manufacturer J.Juan.
The deal expands the group’s brand family and complements the range of motorcycle braking solutions, according to a Brembo spokesman.
J.Juan was founded in 1965 in Barcelona and currently consists of three factories in Spain and one in China. The main focus of the company is the manufacture of brake hoses, and this strategic component of brake safety will complement Brembo’s current line of products dedicated to motorcycles.
Brembo strategic plan
This deal for Brembo is another major step towards the implementation of the strategic plan – to become a supplier of complete solutions in the field of braking systems, to provide an even wider range of products for the motorcycle market segment and expand the brand family in this segment.
We are delighted to welcome J.Juan to the Brembo Group, said Brembo Chairman Alberto Bombassi. -This transaction is part of our global strategy and follows the recent acquisition of the Danish company SBS Friction. We continue to invest to strengthen our core motorcycle business. The addition of J.Juan is an excellent opportunity for us and strengthens our position as a company increasingly focused on offering comprehensive, integrated and high quality solutions to our customers.
We are delighted to join the Brembo Group, ”said José Luis Juan, Chief Executive Officer of J.Juan. -This transaction will allow us to become part of a strong company with a strong global footprint, which will support J.Juan’s development for the professional growth of our employees and for the benefit of our customers.
Within the framework of the agreement, the transaction amount is approximately 70 million euros, which will be paid from Brembo’s own funds. The final price will be determined by the usual mechanisms provided for such transactions. The estimated value of the company is 73 million euros.
After the transaction is approved by the antimonopoly authorities, it will be completed in the second half of 2021.