Braking news (yes, intended) from Italy. Braking giants, Brembo, have fully acquired the Spanish brake company, J.Juan.
Brembo’s latest deal was finalized at €70 million (Rs 623 crore approx) and it further strengthens their position in the motorcycle industry. Over the years, J.Juan have had steady and consistent success with OEMs and in the aftermarket space as well. With the acquisition, Brembo plan to make the most of these connections in the industry. Recently, Brembo also acquired Danish brake pad manufacturer, SBS Friction.
J.Juan was a family-owned business that primarily operated out of Spain and China, where the latter was mostly into manufacturing brake hoses. Although Brembo’s plans for the future with this deal have not been mentioned, it is most likely that J.Juan will continue to produce accessible products while Brembo will focus on its speciality, high-end products and those for racing application. Brembo’s investments towards strengthing their motorcycle-related business may not have ended just yet. We will have to wait and see what more they have in store.
“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.”
“We are glad to join the Brembo Group,” stated José Luis Juan, CEO of J.Juan. “The transaction will allow us to become part of a strong company with a solid global footprint that will support J.Juan’s development for the professional growth of all our employees and the benefit of customers.”
Story: Joshua Varghese