BREMBO REINFORCES ITS LEADERSHIP IN THE BRAKE DISC SECTOR IN SOUTH AMERICA. AGREEMENT FOR THE ACQUISITION OF THE ARGENTINIAN ...
August 01 2011 - 11:20AM
Italian Regulatory (Text)
Stezzano, 1 August 2011
For immediate release
BREMBO REINFORCES ITS LEADERSHIP IN THE BRAKE DISC SECTOR IN SOUTH
AMERICA AGREEMENT FOR THE ACQUISITION OF THE ARGENTINIAN COMPANY
PERDRIEL SIGNED
The agreement signed on 23 May by Brembo S.p.A. for the acquisition
of the 75% of the share capital of Perdriel S.A., an Argentinian
manufacturer of brake discs located in the Buenos Aires area was
executed today. The newly acquired company has a workforce of about
150 and expects to achieve approximately 20 million revenues for
2011 . Based on the agreement, Brembo has option rights on the
remaining 25% of the share capital - currently held by the
Argentinian group which has a significant presence in the domestic
car component market - exercisable after three years from today.
Overall outlay will amount to 3.3 million. Effective today, the
Argentinian company has also changed its name to Brembo Argentina
S.A. Brembo, which has a share of almost 60% of the Brazilian
market in the production of brake discs and drums, deems it
strategic to maintain and reinforce its presence in South America,
also by taking advantage of the opportunities offered by current
and prospective growth of the Argentinian production and sale
market. The South American uptrend in vehicle manufacturing over
the past five years has been mostly driven by growing demand from
Brazil, which fuelled a sizeable growth in volumes produced by car
plants in South America, particularly in Argentina.
For additional information:
Investor Relator Matteo Tiraboschi Tel. +39 035 605 2899 e-mail:
ir@brembo.it www.brembo.com Direttore Comunicazione Thanai
Bernardini Tel. +39 035 605 2277 Mobile. +39 335 7245418 e-mail:
press@brembo.it Media Relation Consultant: COMMUNITY Consulenza
nella comunicazione Tel. +39 02 89404231 Giorgio Maugini - Cell.
348 3219 990 Marco Rubino - Cell. 335 6509 552 Pasquo Cicchini -
Cell. 345 1462429
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