The General Shareholders’ Meeting of Brembo approved its new corporate governance on 17 December 2021. In short, the move means, the previously-announced plans to Matteo Tiraboschi, executive chairman of Brembo S.p.A.; Daniele Schillaci, CEO; and Alberto Bombassei, chairman emeritus have been given the green light.
The Board of Directors of Brembo S.p.A. has named Matteo Tiraboschi, currently executive deputy chairman, preferred candidate to become its chairman following the resignation of Alberto Bombassei. Tiraboschi’s appointment will be on the agenda at a General Shareholders’ Meeting scheduled for 17 December, along with a proposal to amend the company’s by-laws in order to create the new role of Chairman Emeritus.
Brake systems specialist Brembo is marking its 60th anniversary by planting a forest of more than 14,000 trees and donating them to employees around the world. The Brembo Forest will rise in Kenya, near Lake Victoria, where Brembo will work in partnership with web platform Treedom – the first system that allows trees to be planted remotely and their stories followed online.
Brembo has unveiled an innovation that integrates artificial intelligence-based software its firm’s brake components. It calls this new intelligent braking system Sensify and aims to have it on the market from the start of 2024.
Polyphony Digital Inc., developer of the Gran Turismo series for Playstation consoles since 1997, has chosen Brembo as the official technical partner in braking systems for Gran Turismo 7. The new video game will be available for PS4 and PS5 consoles from 4 March 2022.
Such is brake manufacturer TMD Friction’s emphasis on the strategic significance of its data quality, for more than over 10 years it has taked a specialised data team to continuously improving product and catalogue data. To this end, TecAlliance supports TMD Friction in ensuring that optimal product and catalogue data is available at points of service worldwide, supporting sustainable business success. As a founding member and shareholder of TecAlliance, TMD Friction relies on the know-how and support of TecAlliance teams worldwide for optimal data management.
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.