Brake manufacturer Brembo is opening a “Brembo Inspiration Lab” in California’s Silicon Valley (USA) to strengthen the company’s “expertise in software development, data science and artificial intelligence.” The Brembo Inspiration Lab is expected to open in the fourth quarter of 2021. No details of the associated investment have yet been released.
TMD Friction has been awarded Best Supplier 2020 for Commercial Vehicles by TEMOT International, one of the Independent Aftermarket’s (IAMs) largest international buying groups, during its TEMOT Global Forum 2021. Founded in Germany in 1994, TEMOT International is a leading Automotive Aftermarket Network currently consisting of 94 shareholders spread across Europe, Asia, America, Africa and Australia.
Leading brake manufacturer Brembo has reported a 17.2 per cent increase in first-quarter 2021 revenues to 675.1 million euros. According to the company, the figure is even higher (+20.9%) where foreign exchange effects are considered on a basis. During the same period pre-tax profits (EBITDA) amounted to 135.6 million euros, which equates to a margin of 20.1 per cent (EBITDA). Net profits for the first quarter stood at 61.4 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.
Braking specialist Juratek Ltd has acquired Bradford-based independent distributor Bettaparts Ltd. Terms of the deal have not been disclosed. Bettaparts will remain at its Bradford site, serving its existing customer base and Juratek has said that there are no plans to distribute its own branded products through the new site as the companies will operate separately.
TMD Friction has created a new management position, appointing Oliver Hill as the company’s new Global Sales & Marketing Director IAM Commercial Vehicles. Hill is responsible for developing revenue streams and profits in TMD Friction’s commercial vehicle aftermarket division across all regions, and for the conception of innovative marketing strategies. Hill brings with him more than 20 years of experience in IAM, gained in a variety of sales and marketing positions. He spent 19 years with ZF Friedrichshafen, most recently serving as Head of Global Strategy Commercial Vehicles.
Italian brake manufacturer Brembo has reported increased fourth quarter sales and pre-tax profits despite the corona-related loss in annual turnover the firm also reported. Fourth quarter 2020 revenues amounted to 649.7 million euros, up 4.5 per cent compared to the same period of the previous year. Pre-tax profits were (EBITDA) were 121.6 million euros (EBITDA margin: 18.7%). As result, the company’s net debt position improved by 121.0 million euros compared to 30 September 2020.
Akebono Brake Industry Co., Ltd., the well-known Japanese brake manufacturer, has admitted “inappropriate conduct” relating to periodic inspection reports destined for Original Equipment Manufacturers (OEMs) dating back to January 2001.
Following the news that three tyre manufacturers are listed on the 2020 CDP A list, three brake makers can also be found on the ranking – Brembo, Bosch and Continental. Brembo achieved the best result with As in both climate change and water security. Bosch scored an A in the climate change category.
Brake manufacturer Brembo has reported third quarter revenues of 1,559.9 million euros (-20.9 per cent compared to the previous year). Pre-tax profits (EBITDA) amounted to 267.1 million euros. Meanwhile EBITDA and EBIT margins of 17.1 per cent and 7.1 per cent respectively were described as “in line with the previous year.”
Excel Automotive Group (EAG) has been appointed as exclusive distributor of the Celect range of brake pads and discs within the UK. With an extensive range of brake pads and brake discs in their Leeds-based distribution centre, EAG says it is able to offer “a braking range that has been developed to provide the marketplace with an affordable, full specification offering”.
Newell & Wright Motorsport driver John Newell raced through the grid at the first British Truck Racing Association (BTRA) weekend at Donington, with Textar brakes proving the difference. Textar braking enables Newell to brake later and stop quicker than other drivers, and this point was more than proven as Newell made up places in every Sunday race, culminating in a first-place finish in the final race.
Delphi Technologies has added eight additional first-to-market brake pads in its aftermarket braking programme. According to the company, together with the existing range, these latest applications means its brake pad line-up offers more than 98.5 per cent coverage for the European car parc.
The automotive replacement parts manufacturer, Trico Group, has announced its new name: First Brands Group, along with the addition of two new brands to its growing portfolio. The company said the adoption of its new identity “reflects its position as a multi-brand global player.” First Brands Group also announced the acquisition of two market-leading US manufacturing companies: brake parts specialist Brake Parts Inc (BPI) and filtration expert, Champion Laboratories Inc (Champ Labs).