Brembo
LKQ Euro Car Parts has increased its braking offering ahead of the beginning of what it calls “MOT season”. Data from the DVSA showing that faulty brakes account for 29 per cent of dangerous MOT defects, making them the second most common cause behind tyres at 60 per cent.
T&A asks Serge Lafon, President of the Business Line Automotive Original Equipment at Michelin about access and commercialisation of the technology The news that Michelin and Brembo are cooperating on smart tyre and braking technology, which already points to a 4-metre improvement in stopping performance is quite a headline-grabbing in itself. But how is that […]
Brembo has signed a global agreement with Michelin to “exploit the full potential of their intelligent solutions to revolutionize vehicle performance and offer drivers the highest safety and comfort standards.” Specifically, Brembo is bringing its braking systems, vehicle modelling and artificial intelligence (AI) to the table. For its part, Michelin is contributing its leadership in tyre modelling and algorithm development. The partnership centres on “the continuous exchange of real-time data between Michelin’s connected solutions software, which provides tyre grip data to Brembo’s innovative Sensify braking system”. According to the two companies, these tyre insights “enable engineers to fine-tune the braking system with exceptional precision, further enhancing Sensify’s characteristics”.
Less than three weeks after Brembo sold its Pirelli shareholding, the well-known brake manufacturer has announced that it has bought Sweden-based suspension firm Öhlins for $405 million, (about 370 million euros), paid using “available cash”. The deal is the largest acquisition in Brembo’s history.
Well-known brake manufacturer Brembo N.V. has sold its entire stake in Pirelli & C. S.p.A. through an “accelerated bookbuilding offering” (the “Placement”). The proceeds amount to approximately 282.9 million euros, deriving from the sale of Brembo N.V.’s entire stake of no. 55,800,000 ordinary shares of Pirelli & C. S.p.A., at a price of 5.07 euros per share. Brembo’s stake in Pirelli had equated to roughly 5.58 per cent of Pirelli’s issued share capital.
High-performance braking products manufacturer Brembo for the first half was €2,004.8 million, up 2.8 per cent, the first time the company has exceeded €2 billion in revenues in the six month period. EBITDA was €351.4 million (a margin of 17.5 per cent), and EBIT at €218.8 million (10.9 per cent margin).
Brembo has acquired a stake in Spoke Safety, a U.S. startup specializing in technology that communicates between “vehicles and the road ecosystem”. No details of the size of the stake or the amount invested have been released.
Readers of Europe’s top car magazine, Auto Motor und Sport, have voted Brembo their favourite brake brand for the 11th time. The vote was part of Auto Motor und Sport’s prestigious Best Cars 2024 awards. Drivers, mostly from Germany, voted for the best brands in 26 product and service-related categories. Brembo swept the board in the Brakes/Brake Pads class, earning an overwhelming 72.7 per cent of the 92,798 votes submitted.
Brembo is set to open its first production site in Thailand having agreed to invest 40 million euros in the factory as part of the company’s strategy expanding its industrial presence globally.
PartsinMotion.co.uk has added over 600 new-to-range references from Brembo to its braking line-up including the latest brake pads and discs for popular passenger car and commercial vehicles.
SGL Carbon and Brembo have agreed to expand production capacities for their Brembo SGL Carbon Ceramic Brakes (BSCCB) joint venture. After months working on the details, the two companies have confirmed that BSCCB will invest around €150 million between now and 2027 to expand production capacity at sites in Meitingen (Germany) and Stezzano (Italy) by more than 70 per cent.
On 28 February 2023, Pirelli shareholder Camfin SpA and its parent Marco Tronchetti Provera & C. SpA (MTP/Camfin) signed a shareholder agreement with Brembo SpA and Next Investment Srl, together with its parent NuovaFourB Srl (Brembo). The agreement covers Brembo’s commitment to align its vote with that of MTP/Camfin, following prior consultation, on matters included in the agenda at Pirelli’s ordinary or extraordinary shareholder meetings.
Brembo and Chinese brake manufacturer Gold Phoenix have signed a 50:50 Joint Venture agreement to create Shandong BRGP Friction Technology Co. Ltd, the first large scale Brembo manufacturing facility fully dedicated to producing aftermarket brake pads. Brembo and Gold Phoenix have agreed to invest 35 million euros in the project over the next three years. Shandong BRGP Friction Technology Co., Ltd is expected to start operations in early 2023 in Jinan, the capital of Shandong province in Eastern China.
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.
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