Brembo, a global leader in the design, development and production of brake systems, recently announced that it holds a stake in Pirelli, which is known for its high-value tires worldwide.
Brembo decided to acquire shares of Pirelli through long-term investment research. Pirelli and Brembo not only have a long history in the field of auto parts, with high brand value, but also continue to improve the cutting-edge technology level through innovation. With its pioneering and innovative spirit, Pirelli has long been at the forefront of the global tire industry.
As of today, Brembo directly holds and holds 2.43% of Pirelli through its parent company, Nuova FourB.
About Brembo:
Brembo AG is a global leader and recognized innovator of automotive disc brake technology, providing high-performance braking systems, clutches and racing components to the world's most well-known manufacturers of automobiles, commercial vehicles and motorcycles. Brembo is also the undisputed leader in the field of racing, winning more than 400 world championships. Brembo's R & D work is concentrated in the R & D center. Since 2002, the center has also devoted itself to the forefront of mechatronics. This cross-science field combines machinery, electronics and information technology. The company operates in 14 countries on three continents, has 24 production plants and business organizations, and employs more than 10,863 people, of which 10% are engineering and technical personnel engaged in product development. The turnover in 2019 reached 2.592 billion euros. Brembo owns Brembo, Breco, AP, Bybre, Marchesini and other brands and is also the operator of AP Racing brand.
About Pirelli:
Pirelli was established in 1872 and is the world's leading tire manufacturer and connected service provider. Pirelli is also the only company that focuses on the consumer tire market. It is uniquely positioned in the high-value tire market, featuring high technology and customization as its product features. It has excellent performance, safety, noise reduction and grip performance. The Pirelli product line includes car tires, motorcycle tires and bicycle tires, as well as an ever-increasing number of customized products, such as Pirelli color-coated tires, insisting on the latest technology and R & D innovation to provide consumers with higher performance products. Now, Pirelli has participated in more than 460 two-wheel and four-wheel races all over the world. Since 2011, it has become the global tire partner of the World Formula One Championship.