BREMBO COMPLETES ACQUISITION OF SBS FRICTION A/S
Stezzano (BG), Italy, Jan. 8, 2021 – Brembo today announced, further to the press release dated November 17, 2020, it has completed its acquisition of SBS Friction, a Danish company which develops and manufactures very innovative and eco-friendly sintered and organic material brake pads
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.