With Ohlins, Bembo expands its choices for the automotive market to reinforce its function as an answer supplier of built-in, clever options to its clients
The deal marks the biggest acquisition in Brembo’s historical past and additional strengthens the Group’s model portfolio
Ohlins has a robust racing heritage and presence in main championships as a famend provider for MotoGP, Method 1, Superbike, NASCAR, and others
Tenneco introduced as we speak it has entered into an settlement to promote Öhlins Racing, a number one producer of premium suspension expertise, to Brembo, a world chief within the manufacturing of high-performance braking programs and parts. The sale marks a key milestone in advancing Tenneco’s strategic priorities.
“This sale not solely positions Öhlins Racing and its staff for continued success underneath Brembo’s management out there, but it surely additionally helps Tenneco’s technique of streamlining our enterprise portfolio and strengthening our stability sheet as we proceed to execute on our long-term imaginative and prescient,” mentioned Jim Voss, CEO of Tenneco.
“As we be part of forces with Brembo, we’re excited to unlock new progress alternatives and leverage our respective strengths and belongings to drive innovation and ship even larger worth to our clients and staff,” mentioned Tom Wittenschlaeger, CEO of Öhlins Racing.
“Öhlins is a robust match for Brembo. It’s a world-renowned model, with a strong enterprise and an unmatched repute, each on the racetrack and the highway,” mentioned Matteo Tiraboschi, Brembo Government Chairman. “We welcome Öhlins to our Group as an incredible alternative to increase our choices for the automotive market. With this addition, we take one other step ahead in our technique to supply built-in clever options to our clients, leveraging synergies throughout key applied sciences within the automobile’s nook.”
The acquisition is topic to customary regulatory approvals and is anticipated to shut in early 2025. Tenneco stays dedicated to its clients, staff and stakeholders all through this transition.
Jefferies LLC is performing as lead monetary advisor to Tenneco. Barclays can be performing as monetary advisor and Sidley Austin LLP as authorized advisor. BofA Securities is performing as monetary advisor to Brembo. Simpson Thacher & Bartlett and BonelliErede are performing as authorized advisors.
