Brembo has signed an agreement for the acquisition of a 100% stake in the J.Juan Group, a Spanish company specializing in the development and production of motorbike braking systems.
Founded in 1965, J.Juan is based in Gavà (Barcelona) and has three factories in Spain and one in China especially manufacturing brake hoses and a strategic safety component for braking systems that will complement the current range of Brembo products for motorbikes.
With this transaction, Brembo forges ahead with its path to become a trusted solution provider. The acquisition of J.Juan will enable the Group to complete its range of solutions for the motorbike braking system and to expand its brand family for the growing motorbike sector.
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.
The acquisition is subject to the approval of the Antitrust authorities, following which the closing is expected to occur in the second half of 2021.