Call it braking news (sorry, sorry) as Italian brake manufacturer Brembo has just acquired the entirety of Spanish brake company J.Juan for a reported €70 million ($85 million) in cash.
The move is said to center around Brembo’s desire to invest more in the motorcycle sector of its business, where J.Juan has made an increasing number of inroads with OEM and aftermarket fitment.
Before today, J.Juan was a family-owned business, with operations in Spain and China (the latter primarily making brake line hoses).
It is not immediately clear how Brembo plans on bringing J.Juan into its family, though one can imagine that the Spanish brand will continue to offer value-focused products, while Brembo focuses its name on high-end and racing applications.
Of course, avid Asphalt & Rubber readers will remember that this isn’t the first acquisition for Brembo in recent time, as the Italian brand also recent purchased Danish brake pad maker, SBS Friction.
“We are proud to welcome J.Juan in the Brembo Group,” stated Alberto Bombassei, Chairman of Brembo. “This transaction is in line with our global strategy and follows the recent acquisition of SBS Friction in Denmark.”
“We continue to invest with the aim of strengthening our motorbike core business. The addition of J.Juan is a great opportunity for us, as it reinforces our positioning as a company increasingly oriented to offering comprehensive, integrated and high-quality solutions to our customers.”
Last year, Brembo also bought a portion of Pirelli tires, which shows that the Italian firm is eager to do a bit of spending on its future business goals.
With ample cash, and a willingness to grow through acquisition, we doubt this is the last we have heard from Brembo’s buying spree. The question though is who is their next target?
Source: Reuters
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