As announced, Brembo has signed a contract with the brake pad manufacturer SBS Friction A/S. Brembo will acquire 100% of the Danish company, which specializes in the production of environmentally friendly brake pads made of sintered and organic materials.
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This will enable Brembo to include the corresponding environmentally friendly brake pads in its product range.
“Brembo has been a reliable partner for us for a long time, who has recognized the value of SBS Friction’s technological know-how and strong niche position,” said Peter Eriksen Jensen, Chairman of the SBS Group. “We are pleased that SBS Friction will have a strong, long-term industrial owner who will continue to support the further development of the company. The transaction is a good thing for the SBS Group, SBS Friction, its employees and the city of Svendborg”.
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The takeover will cost Brembo around 30 million euros. The agreement is expected to be completed in the first quarter of 2021.
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