Italian-listed Brembo has agreed to acquire SBS Friction
Brembo S.p.A., the Italian leader in brake systems for the automotive and motorcycle segments, has agreed to acquire SBS Friction A/S, a Denmark-based manufacturer and developer of eco-friendly brake pads for motorbikes, from the listed Danish group Scandinavian Brake Systems A/S.
The transaction will allow Brembo to integrate a strategic component as brake pads in its current product portfolio, in line with the new mission of the company to become a respected solution provider, with particular attention to the environment, and further strengthening Brembo’s leadership in the motorbike sector.
Lincoln International acted as exclusive buy-side advisor to Brembo, providing process, financial and tactical advisory expertise and managing the preparatory, due diligence and negotiation phases of the transaction within a highly accelerated time frame.
Alberto Bombassei, Chairman of Brembo, commented, “We are particularly glad to welcome SBS Friction in our group. 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 competencies in a key sector to further strengthen our range of ‘made-in-Brembo’ solutions for the benefit of our customers.”
Closing of the transaction is expected in the first quarter of 2021.
Brembo is the world leader and acknowledged innovator of disc brake technology for automotive vehicles. Brembo, listed on the Milan Stock Exchange with a market capitalization of approximately Euro 3.3 billion, operates in 14 countries on three continents with 24 production and business sites and a pool of over 10,800 employees. Brembo is the owner of the Brembo, Breco, AP, Bybre and Marchesini brands and operates through the AP Racing brand.
About SBS Friction
SBS Friction, based in Svendborg, Denmark, develops and manufactures sintered and organic material brake pads mainly for the motorbike segment, with a particular focus on innovative and eco-friendly materials. SBS Friction generates revenues of around Euro 18 million in 2019 with an EBITDA margin of approximately 22% and a workforce of 100 employees.
We are delighted that Lincoln helped identify and execute an excellent opportunity for us, and we are thrilled to welcome SBS Friction into the group as we continue to embark on growing our business scope. We truly appreciated Lincoln’s efforts in getting the deal done by bridging cross-culture and cross-border barriers.
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