Scandinavian Brake Systems A/S (“SBS Group”) has entered into an agreement to divest the division SBS Friction to Italian Brembo Group SpA (“Brembo”), a leading global manufacturer of braking systems. Brembo acquires the company SBS Friction A/S with approximately 100 employees and SBS Group’s headquarters and production facility in Svendborg, which mainly accommodate SBS Friction’s activities.
“Brembo has long been a trustworthy partner that knows the value of SBS Friction’s technological knowhow and its strong niche position”, stated Peter Eriksen Jensen, Chairman of the Board of Directors, SBS Group. “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. The key assignment for SBS Group after the sale is to position our other activity, SBS Automotive, well in relation to the market turbulence and review the opportunities to potentially participate in consolidation.”
The transaction is expected to yield strong complementarity for both parties, building on common innovation leadership and racing heritage. For Brembo, the acquisition of SBS Friction will enable the vertical integration of brake pads into the brake system, and is in line with Brembo’s mission to become a respected solution provider, with a view to meeting the new sustainable mobility paradigms and offering the best driving experience.
About SBS Friction
SBS Friction develops, manufactures, and sells brake parts and friction technology primarily for two-wheeler and industrial applications. The company’s product portfolio also features a range of high-end trade products, including brake discs, shoes and clutch parts. SBS Friction is a market leader within the European Independent Aftermarket for high-end motorcycle brake pads and boasts a growing position in Asia. In the OEM market, SBS Friction services global manufacturers of vehicles, brake systems and industrial machinery, such as wind turbines. All functions, including development and production, are centralised in Svendborg (Denmark).
Brembo is the world leader and acknowledged innovator of disc brake technology for automotive vehicles. Brembo supplies high performance brake systems for the most important manufacturers of cars, commercial vehicles and motorbikes worldwide, as well as clutches and other components for racing. Brembo is also a leader in the racing sector and has won more than 400 championships. Today the company operates in 14 countries on 3 continents, with 24 production and business sites, and a pool of over 10,800 employees, about 10% of whom are engineers and product specialists active in the R&D. 2019 turnover was € 2,591.7 million (12.31.2019). Brembo is the owner of the Brembo, Breco, AP, Bybre, and Marchesini brands and operates through the AP Racing brand.