Brembo has signed an agreement for the acquisition of a 100% stake in SBS Friction A/S. A Danish company which develops and manufactures very innovative. And eco-friendly sintered and organic material brake pads for motorbikes.
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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.
The acquisition is in line with Brembo’s new mission to become a respected solution provider. To meet the new sustainable mobility paradigms and offer the best driving experience.
“We are delighted to welcome SBS Friction in our Group“, stated Alberto Bombassei, Chairman of Brembo. “Despite the highly complex market context, Brembo has maintained its natural propensity to invest in innovation.
Further, the acquisition is an essential step in our strategy. It enables us to integrate even more specific competences in a critical sector. To strengthen further 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 know-how and its strong niche position”. Stated Peter Eriksen Jensen, Chairman of SBS Group.
“Brembo is pleased that SBS Friction 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, SBS Friction, the employees, and the city of Svendborg.”
The transaction entails consideration of 224 million Danish Kroner, equal to approximately €30 million. Which is to 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. Brembo plans to finalise the agreement in the first quarter of 2021.