Brembo is a globally recognized brake systems manufacturer.
Pirelli is an equally recognized tire manufacturer.
Brembo considers Pirelli’s market position as similar to their own.
Both Brembo and Pirelli are focused on premium market segments and both are world-renown for their involvement in all automotive things that are performance-oriented. Brembo’s augmented investment in Pirelli harbours no secret agenda.
Back in March, Brembo bought a 2.43% stake in Pirelli with a simple long-term approach. At the time, as reported by Automotive News Europe, this move raised questions about Brembo’s motive in doing so. Speculations envisioned an Italian heavyweight parts supplier. Now, they’ve just increased their share to 4.99% but the thinking is unchanged.
Brembo’s Executive Deputy Chairman Matteo Tiraboschi said: “We have made an investment, which we had decided on before the COVID-19 outbreak, in a company that we know and greatly respect, with a market positioning which is very similar to our own,”
As it stands now, Brembo has no plans to further strengthen its holdings nor does it intend to meddle in Pirelli’s governance.