Brembo announces the acquisition of SBS Friction

Stezzano (BG), Italy, 17 November 2020

The transaction will allow the Group to integrate brake pads in its two-wheeler  product portfolio, strengthening its leadership in this strategic sector 

Brembo has signed an agreement for the acquisition of a 100% stake in #sbsfriction A/S,  a Danish company which develops and manufactures very innovative and eco-friendly sintered and organic material brake pads for motorbikes.  

The transaction will allow 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.  

This acquisition is in line with Brembo’s new mission to become a respected solution  provider, with a view to meeting the new sustainable mobility paradigms and offering the  best driving experience. 

“We are particularly glad to welcome #sbsfriction in our Group”, stated #albertobombassei,  Chairman of #brembo. “Despite the highly complex market context, #brembo has maintained  its natural propensity to invest in innovation. This acquisition is an important step in our  strategy: it enables us to integrate even more specific competences in a key sector, to further  strengthen our range of ‘made-in-Brembo’ solutions for the benefit of our customers.” 

“Brembo has long been a trustworthy partner that knows the value of SBS Friction’s  technological knowhow and its strong niche position”, stated #petereriksenjensen,  Chairman of SBS Group. “We are pleased that #sbsfriction will get a strong, long-term,  industrial owner who will support the company’s continued development. The transaction is  a good solution for SBS Group, #sbsfriction, the employees, and the city of Svendborg." 

The transaction entails a consideration of 224 million Danish Kroner, equal to approximately  €30 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 agreement is expected to be finalised in the first  quarter of 2021.