1 month ago
10
Brembo contiguous signed an statement with Tenneco, a portfolio institution of funds managed by affiliates of Apollo Global Management, Inc., for the acquisition of a 100% involvement successful ?hlins Racing, the starring shaper of premium, precocious show suspension exertion for motorcycles and cars successful the Original Equipment, Motorsport, and Aftermarket segments.
“?hlins is simply a beardown acceptable for Brembo. It is simply a world-renowned brand, with a coagulated concern and an unrivaled reputation, some connected the racetrack and the road,” said Matteo Tiraboschi, Brembo Executive Chairman.
“We invited ?hlins to our Group arsenic a large accidental to grow our offerings for the automotive market. With this addition, we instrumentality different measurement guardant successful our
strategy to supply integrated intelligent solutions to our customers, leveraging synergies crossed cardinal technologies successful the vehicle’s corner.”
Founded successful 1976, ?hlins Racing is based successful Upplands V?sby (Stockholm), Sweden, and has a beardown planetary footprint. ?hlins employs astir 500 radical crossed 2 accumulation facilities located successful Sweden and Thailand, 2 R&D centers successful Sweden and Thailand, and 4 organisation and investigating branches successful the U.S., Germany, Thailand and Sweden. The institution besides has a beardown racing practice and beingness successful large motorsport championships, supplying MotoGP, Formula 1, World Superbike, NASCAR, and others. ?hlins Racing is projected to adjacent 2024 with a turnover successful the scope of USD 144 million, with an expected adjusted EBITDA borderline betwixt 21% and 22%.
