Borg Automotive, part of the Danish industrial conglomerate Schouw & Co, has concluded an agreement to acquire brake component supplier SBS Automotive.
The addition is part of Borg’s growth plans. The first step was taken last year with the acquisition of the Spanish company Turbo Motor Inyección (TMI) which remanufactures turbo chargers.
READ: BORG AUTOMOTIVE ACQUIRES TURBO REMANUFACTURER
Originally known as Scandinavian Brake Systems, as the company name suggests, SBS offers a variety of product groups related to braking such as discs, pads, shoes and calipers. In addition to brake related products the company also offers a broad range of steering components, wheel bearings and shock absorbers to the market.
Kim Kruse Andersen, CEO, Borg Automotive, said: “SBS adds significant revenue and a new dimension to our business, meaning that we will now be present in new markets. We will also be adding more product groups to our existing, wide product portfolio. SBS Automotive, just as Borg Automotive, has a strong focus on the positive customer experience, and we will be even more attractive to our customers in the future.”
Borg Automotive products are sold under four different brands Elstock, DRI, Lucas and TMI.
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