Announced
Completed
Financials
Sources
Tags
Completed
Single Bidder
Disposal
brake solutions
Majority
Auto Parts
Friendly
Acquisition
Cross Border
Denmark
Private
Synopsis
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.
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