Source: Brembo announcement
STEZZANO, Italy — Brembo announced, further to the press release dated April 28, 2021, it has completed its acquisition of J.Juan, a Spanish company specializing in the development and production of motorbike braking systems.
The transaction has entailed a consideration of €73 million, which will be paid using available cash, and is subject to the customary adjustment mechanisms as for similar transactions, which will be completed within the next 80 working days.
Motorcycle Moves: Brembo Acquires J.Juan
With this transaction, Brembo forges ahead with its journey to become a trusted solution provider. The acquisition of J.Juan enables the Group to complete its range of solutions for the motorbike braking system and to expand its brand family for the growing motorbike sector.
About J. Juan
J.Juan is a world leader in meshed hydraulic tube for motorcycles and is the second largest European brake systems factory in Europe. It invoices more than €70 million and employs 640 workers worldwide. It has recently signed a sales agreement by Brembo, a world leader in brake systems, which will strengthen its presence in the two-wheeler market.