Brembo buys J Juan for 70 million euros
At the end of April, Brembo agreed to buy 100 per cent of J.Juan Group, a Spanish company specialising in the development and production of motorbike braking systems, for 70 million euros. The acquisition is expected to close in the second half of 2021 following regulatory approvals.
Founded in 1965, J.Juan is based in Gavà (Barcelona) and has three plants in Spain and one in China, manufacturing especially brake hoses, a strategic safety component for braking systems. According to the company, the acquisition of J.Juan enables Brembo to complete its range of solutions for the motorbike braking system and to expand its brand family for the growing motorbike sector.
“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.”