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Brembo Completes Acquisition of SBS Friction A/S

Brembo announced it has completed its acquisition of SBS Friction, a Danish company that develops and manufactures very innovative and eco-friendly sintered and organic material brake pads for motorbikes.

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The transaction has entailed a consideration of 224 million Danish Kroner, equal to approximately €30.1 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 acquisition, which is in line with Brembo’s new mission to become a respected solution provider, allows 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.

Link: Brembo

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