Brembo, an Italian manufacturer of automotive brake systems, completed the acquisition of SBS Friction, the unit of SBS Group, an auto body parts supplier, for $48m. "Brembo has long been a trustworthy partner that knows the value of SBS Friction’s technological knowhow and its strong niche position. We are 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," Peter Eriksen Jensen, SBS Group Chairman of the Board of Directors.