Brembo acquires suspension maker Ohlins Racing for $405

Brembo NV

11/10/2024 07:10

MILAN, Oct 11 (Reuters) - Italy's Brembo  BRBI.MI  said
on Friday it had agreed to buy suspension technology
manufacturer Ohlins Racing for $405 million, in the premium
brake maker biggest ever acquisition.
    Swedish-based Ohlin will be acquired from Apollo Global
Management-backed Tenneco, and will be paid through available
cash, Brembo said in a statement. 
    

 (Reporting by Giulio Piovaccari, editing by Giulia Segreti)
 ((giulio.piovaccari@thomsonreuters.com))