Italian-listed brake systems leader Brembo has agreed to acquire the J. Juan Group from the Juan family
Brembo, the global leader in brake systems for the automotive, motorcycle and racing segments, has agreed to acquire the J. Juan Group, a Spanish company specializing in the development and production of motorbike braking systems.
The transaction will allow Brembo to forge 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.
Lincoln acted as exclusive buy-side advisor to Brembo, providing process, financial and tactical advisory expertise and managing the preparatory, marketing, due diligence and negotiation phases of the transaction. The J. Juan acquisition is the second consecutive deal completed by Brembo with Lincoln acting as exclusive advisor.
Alberto Bombassei, Chairman of Brembo, commented, “We are proud to welcome J. Juan to 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 and integrated solutions to our customers.”
Closing of the transaction is expected in the second half of 2021 and is subject to the approval of the Antitrust authorities.
About Brembo
Brembo is the world leader and acknowledged innovator of brake technology for automotive vehicles. Brembo supplies high-performance brake systems for the most important manufacturers of cars, commercial vehicles and motorbikes worldwide, as well as clutches and other components for racing. Brembo is also a leader in the racing sector and has won more than 500 championships. Today, the company operates in 15 countries on three continents with 25 production and business sites and a pool of over 11,000 employees, about 10% of whom are engineers and product specialists active in research and development. 2020 turnover is approximately €2.21 billion. Brembo is the owner of the Brembo, Breco, AP, Bybre, Marchesini and SBS Friction brands and operates through the AP Racing brand.
About J. Juan
J. Juan is a family-owned multinational group headquartered in Gavà (Barcelona, Spain) and it’s a world leader in the design and manufacturing of metallic braided brake hoses. J. Juan is also active in the manufacturing of components of brake systems for motorbike, specifically in the trial segment. The group consists of four companies, three in Spain and one in China. It operates with two plants in Gavà, one in San Cugat (Barcelona) and one in Jiaxing, in Zhejiang Province (China). Revenues amounted to about €60 million in 2020, with EBITDA of approximately 17%. The group has a workforce of about 580 people.
Lincoln brought its global reach and deal experience to manage this cross-border transaction with outstanding results for Brembo. It was a pleasure to work once again with the team at Lincoln.
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