Brembo, the Italian brake systems and components manufacturer, has acquired Öhlins Racing, the Swedish manufacturer of high-performance suspension components in the original equipment, motorsport and aftermarket segments, from parent company Tenneco.

At $405 million, it is the largest acquisition in Brembo's history and will be paid with available funds.

Founded in 1976, Öhlins Racing is based in Upplands Väsby, Sweden, outside Stockholm, and has a strong international footprint. Öhlins employs approximately 500 people across two production facilities located in Sweden and Thailand, two research and development centers in Sweden and Thailand, and four distribution and testing branches in the United States, Germany, Thailand and Sweden.

The brand offers a range of products, including shock absorbers, front forks, steering dampers, software and algorithms, and accessories for the OEM and aftermarket segments. The company also has a presence in several major motorsport championships, supplying MotoGP, Formula 1, World Superbike, NASCAR and others.

"Öhlins is a strong fit for Brembo. It is a world-renowned brand, with a solid business and an unrivaled reputation, both on the racetrack and the road," said Matteo Tiraboschi, Brembo Executive Chairman. "We welcome Öhlins to our Group as a great opportunity to expand our offerings for the automotive market. With this addition, we take another step forward in our strategy to provide integrated intelligent solutions to our customers, leveraging synergies across key technologies in the vehicle's corner."

For more information, visit brembo.com or ohlins.com.