Brembo has signed an agreement for the acquisition of a 100% stake in the J.Juan Group, a Spanish company specialising in the development and production of motorbike braking systems. According to the company, this will help Brembo to expand its brand family and complete the range of solutions for motorbike braking systems. With this transaction, Brembo forges ahead with its path to become a trusted solution provider.
Under the agreement, the consideration for the transaction is currently estimated at €70 million, to be paid using available cash. The final price will be subject to the usual adjustment mechanisms envisaged for similar transactions. The enterprise value is €73 million.
Based in Gavà (Barcelona), J.Juan has three plants in Spain and one in China, manufacturing especially brake hoses, and a strategic safety component for braking systems that will complement the current range of Brembo products for motorbikes.
Alberto Bombassei, Chairman, Brembo, said, 'We are proud to welcome J.Juan in the Brembo Group. 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.'
José Luis Juan, CEO, J.Juan, said, “We are glad to join the Brembo Group. 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.'
NB: Photos are representational.