Source: Otto Zimmermann announcement SINSHEIM-DÜHREN, Germany — The requirements for brake discs have increased constantly over the last 60 years. Precision is and remains a key challenge in producing brake discs. Brake part manufacturer Otto Zimmermann is therefore continuously improving…
Source: FOVIA announcement LIPPSTADT, Germany — HELLA, the automotive supplier operating under the FORVIA umbrella brand, has received a customer order from an international car manufacturer (OEM) for its innovative FlatLight concept. This is not only the first series order…
Source: Future Market Insights announcement LONDON — The vacuum brake-booster market is expected to reach $346.8 million in 2032, up from the $289.1 million expected in 2022, according to a recently published report from Future Market Insights (FMI). Countries, such…
Source: Fact.MR announcement LONDON – According to a recently published analysis by Fact.MR, the automotive brake components are valued at $49.9 billion at present. The global automotive brake components market is forecast to expand at a compound annual growth rate…
Source: BBB Industries announcement DAPHNE, Ala. — BBB Industries®, LLC, a leading sustainable manufacturer of automotive aftermarket parts, announced a new online portal designed to enhance 24-hour ordering, enabling customers to instantly order replacement parts from www.bbbind.com/1stop “BBB Industries is…
Source: Genstar Capital announcement SAN FRANCISCO — Genstar Capital, a leading private equity firm focused on investments in targeted segments of the industrials, financial services, healthcare, and software industries, announced that it has completed the sale of BBB Industries, LLC,…
Source: Knorr-Bremse announcement MUNICH — Knorr-Bremse, global market leader for braking systems and other rail and commercial vehicle systems, has signed a contract to acquire a majority stake in Spanish company Cojali S.L. Cojali is a global developer of multi-brand…
Source: BBB Industries announcement DAPHNE, Ala. – BBB Industries, LLC (BBB), a sustainable manufacturer and leader in the automotive aftermarket, announced it has acquired Budweg Caliper A/S (Budweg). The transaction encompasses the entirety of the business. This is BBB’s sixth…
Source: Continental announcement HANOVER, Germany — Within a persistently turbulent market environment, Continental performed well in operative terms in 2021 and achieved a positive net income. The coronavirus pandemic, low automotive production due to electronic component shortages as well as…
The BRAKE Report recently sat down with John Carney, Vice President of Sales with FDP Friction Science. In this discussion, John answers a variety of questions about FDP and gives his thoughts on the current supply chain challenges and manufacturing…
Source: Arbe Robotics announcement TEL AVIV, Israel and HOUSTON – Arbe Robotics Ltd. (“Arbe”), a global leader in next-generation 4D Imaging Radar Solutions, and Industrial Tech Acquisitions, Inc. (“ITAC”) (NASDAQ: ITAC), a publicly-traded special purpose acquisition company, announced their business…
Source: Fact.MR. announcement ROCKVILLE, Md. — According to a recent report published by an ESOMAR-certified market research and consulting firm, the lane-departure warning system market would grow at a rate of 14 percent from 2021 to 2031, reaching an impressive…
Source: Knorr-Bremse announcement MUNICH — The Executive Board of Knorr-Bremse AG has decided to stop pursuing a potential acquisition of a majority stake in HELLA GmbH & Co. KGaA. Following careful analysis, the Executive Board determined that the possible transfer…
Source: PLZ Aeroscience announcement DOWNERS GROVE, ILL. – PLZ Aeroscience Corporation (PLZ), North America’s largest independent specialty aerosol and liquid product manufacturer, announced the acquisition of Champion Brands, LLC (Champion), a leading manufacturer of specialty lubricants for the automotive and…
Source: FDP Friction Science announcement TAPPAHANNOCK, Va. –The “Buy American” movement spurred by President Joe Biden’s recent executive order, to support United States manufacturers opens new opportunities for FDP Friction Science to serve government and fleet vehicles with premium brake…
Source FDP Friction Science announcement TAPPAHANNOCK, Va. —FDP Friction Science, as a multi-generation family business, has always promoted the family culture throughout its operations. At the Tappahannock, Va., headquarters and manufacturing facility, FDP is honoring three members of the team…
Source: Randon Companies announcement CAXIAS DO SUL, Brazil – The first quarter of 2021 ended with historical figures for Randon Companies, which reported consolidated net revenue of BRL 1.9 billion. The positive result, with a 64 percent revenue growth compared…
Source: Fras-le announcement CAXIAS DO SUL, Brazil – Fras-le achieved record results for the first quarter of 2021 which ended with net revenue of R$ 640.7 million, an increase of 87.4 percent compared to the first quarter of 2020. The…
Borg Automotive announcement SILKEBORG, Denmark — Borg Automotive, Europe’s largest automotive parts remanufacturing company, has acquired SBS Automotive. Borg Automotive, which sells products under four different brands Elstock, DRI, Lucas and TMI, adds a new component, opening the door to…
Source: Arbe announcement TEL AVIV — Arbe, a global leader in next-generation 4D imaging radar solutions, today announced that AutoX has chosen its 4D Imaging Radar Platform for its Level 4 autonomous vehicles, robotaxis, as well as other autonomous driving…
Source: Randon Companies announcement RIO GRANDE DO SUL, Brazil — In 2020, Randon Companies saw an increase in their consolidated net revenue, reaching BRL 5.4 billion, 6.5 percent higher than 2019 revenues. Gross revenues increased 5.6 percent in 2020 when…
Source: FDP Friction Science announcement TAPPAHANNOCK, Va. – FDP Friction Science, a multi-generational family business which promotes family-culture values, is honoring three members of the team working at the Tappahannock, Va., headquarters facility who are celebrating 50 years at the…
Source: Fras-le announcement CAXIAS DO SUL, Brazil – Fras-le ended 2020 with consolidated net revenue of R$ 1.7 billion, achieving the best results for the company in the last 10 years. The positive performance, which registered an increase of 22…
Source: Fras-le announcement CAXIAS DO SUL, Brazil – The acquisition of Nakata Automotive, which closed Sept. 1st, is the largest merger and acquisition in Fras-le’s history. This union combines the experience of the two companies in the aftermarket as well…
Source: Fras-le announcement CAXIAS DO SUL, Brazil – Fras-le closed the first half of 2020 reaching net revenue of R$ 620 million, an important result for the company, especially in the midst of the challenging scenario caused by the Covid-19…