Brembo Buys from Bosch 50 Percent of KBX Joint Venture - aftermarketNews

Brembo Buys from Bosch 50 Percent of KBX Joint Venture

The acquisition is expected to be executed by the end of this year, after completing the mandatory legal fulfillments required by the Indian Law.

STEZZANO, ITALY — Brembo has signed an agreement with Bosch Chassis Systems India Ltd. for the acquisition of 50 percent of KBX motorbike Products Private Ltd (KBX), based in Pune (India), until now a 50-50 joint-venture. KBX Motorbike Products Private Ltd. makes disc brake systems for motorbikes in India.

The agreed upon price for the business is approximately $14 million. The acquisition is expected to be executed by the end of this year, after completing the mandatory legal fulfillments required by the Indian Law.

KBX, a leader in development and production of brake systems in India, was established in February 2006 as a 50-50 joint-venture between Brembo and Bosch. The 2008 expected sales are approximately $22 million. KBX has no financial debt.  KBX has about 220 associates in the new plant of Pune.

KBX holds a 50 percent market share of motorbike brake systems manufactured in India and its main clients are the leading local as well as international companies such as Bajaj, Hero Honda, Honda Motors, Yamaha, Suzuki and Royal Henfield.

"This acquisition is another important step for the growth Brembo in a fast growing market; Brembo will continue to search further development opportunities also in other segments of its core business," said Alberto Bombassei, chairman of Brembo S.p.A.

Brembo, which has been active in India since 2007, also has a design center there to support group R&D activities.

You May Also Like

Gentex to Open Production Facility in Grand Rapids

Gentex says it continues to implement meaningful solutions to the ongoing labor shortage.

Zeeland, Michigan-based Gentex Corp. announced today that it plans to open a satellite production facility that will bring 50 new jobs to the Madison Square neighborhood of Grand Rapids, Michigan. By expanding its manufacturing footprint, Gentex says it hopes to boost its employee base and provide greater access to well-paying jobs as it continues to implement meaningful solutions to address the ongoing labor shortage.

Dana Offers Spicer End Yokes for Allison Transmissions

The end yokes are designed to help minimize noise and vibration and keep drivelines running smoothly.

BorgWarner Included in 2023 Bloomberg Gender-Equality Index

The index measures gender equality across equal pay and gender pay parity, leadership and talent pipeline, inclusive culture and more.

New Bosch Campaign Focuses on Night Performance Wiper Blades

Bosch FOCUS and ENVISION wiper blades are designed to make nighttime driving safer in inclement weather, the company says.

US Motor Works Releases 9 New Water Pumps

The latest nine new water pumps are now in stock and ready to order.

Other Posts

NGK Spark Plugs Announces New Company Name and Logo 

The company says the name change is reflective of transformation in the organization’s business portfolio.

AP Emissions Releases January New Part Number Update

Coverage available for Dodge, Chrysler, Ford, Land Rover, Toyota, Lexus, Mazda and Mercedes-Benz vehicles.

NRS Brakes Offers Galvanized Brake Pads for F-150 Lightning

The brake kits cover both front and rear applications for almost 1.6 million vehicles.

Raybestos Adds New Friction, Rotor, Hydraulics Coverage

The new part numbers cover more than 19 million vehicles in operation (VIO).