Brembo acquires suspension specialist Öhlins for $405m

Brembo’s acquisition of Öhlins Racing is part of the company’s strategic plan to expand into motorcycles and racing

World-renowned braking systems specialist Brembo has acquired 100% of the shares of Ohlins Racing, one of the leading manufacturers of high-performance suspension systems for motorcycles and cars.

Brembo has agreed to pay $405 million (approximately €370 million) to acquire Ohlins from Tenneco, an investment fund managed by an affiliate of Apollo Global Management Portfolio companies. This is the largest acquisition in Brembo’s history and is expected to be completed in early 2025, although it is still subject to regulatory approval.

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Öhlins was founded in 1976 and is headquartered in Sweden. The company manufactures suspension components at plants in Sweden and Thailand, and also operates research and development centers in those countries, as well as distribution and testing branches in the United States, Germany, Thailand and Sweden. The company is perhaps best known for supplying suspension components for dozens of leading performance motorcycles over the years, while also producing parts for several automakers.

Öhlins also has a long and rich history in motorsport, particularly in MotoGP and World Superbike competitions. Current Ferrari Formula 1 cars also use shock absorbers from Öhlins.

“Olins is a perfect fit for Brembo,” said Brembo Executive Chairman Matteo Tiraboschi. “It is a world-renowned brand with a solid business and an unparalleled reputation, both on the track and on the road. We welcome Öhlins to our group, which is a great opportunity to expand our product range for the automotive market. With this With this addition, we take another step forward in our strategy of providing integrated intelligent solutions to our customers, leveraging synergies between key vehicle technologies.”

Brembo said the acquisition is part of its ongoing investment in motorcycles and racing, noting that its two-wheel business currently accounts for about 13% of total revenue.

“We believe Brembo is the right partner to take Öhlins Racing to the next level,” added Tenneco CEO Jim Voss. “This sale not only positions Öhlins and its employees to build on Brembo’s market leadership for continued success, but also supports Tenneco’s strategy to streamline its business portfolio and strengthen its balance sheet as it continues to execute on its long-term vision.”