Brembo N.V. (BRE.MI)

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7.32

-0.32

(-4.19%)

At close: April 4 at 5:35:05 PM GMT+2

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Brembo agrees to acquire suspension technology company Öhlins Racing for $405m

The acquisition is a strategic move by Brembo to enhance its product portfolio in the premium original equipment, motorsport, and aftermarket segments

Just Auto 5 months ago

BRBOF
Brembo buys suspension maker Ohlins Racing for $405 million

Italy's Brembo said on Friday it had agreed to buy suspension technology manufacturer Ohlins Racing for $405 million, in the premium brake maker's biggest ever acquisition. Swedish-based Ohlins will be fully acquired from Apollo Global Management-backed Tenneco and will be paid through available cash, Brembo said in a statement. Brembo Executive Chairman Matteo Tiraboschi said Ohlins was a "strong fit", helping it expand its offerings for the automotive market.

Reuters 5 months ago

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China helps Italy's Brembo to defy auto industry weakness

MILAN (Reuters) -Italian premium brake maker Brembo on Tuesday posted moderate gains in first-half core earnings and revenue, with its Asian markets and its business helping to maintain older vehicles helping to counter a darker outlook for the automotive sector. As earnings of several major automakers have shown, including Stellantis, Porsche and Mercedes, the automotive market went through a contraction in the first part of the year, while a recovery looks still uncertain for the months ahead. "The market is really struggling, including in its premium segment," Executive Chairman Matteo Tiraboschi said in a post-earnings interview with Reuters.

Reuters 8 months ago

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Performance Overview

Return	BRE.MI	FTSE MIB Index (FTSEMIB.MI)
YTD	-19.55%	+1.35%
1-Year	-37.04%	+0.56%
3-Year	-21.90%	+37.63%

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Brembo N.V. (BRE.MI)

Stocks to watch this week: Tencent, Micron, Nike, Prudential and JD Wetherspoon

Stocks to watch this week: Berkshire Hathaway, Super Micro, Novo Nordisk, Vistry and M&S

Brembo agrees to acquire suspension technology company Öhlins Racing for $405m

Brembo buys suspension maker Ohlins Racing for $405 million

China helps Italy's Brembo to defy auto industry weakness

Performance Overview