Ohlins has been bought by the Italian brakes company Brembo, the Italian co🍒mpany has announced.

The brakes manufacturer has entered into an agreement, worth $405 million (£310 million), in which it will complete the full acquisition of Ohlins Racing, accordinꦑg to a statement published by Brembo.

It’s an agr♑eement thꦡat will “represent a marriage of two iconic brands, engendering iconic performance, iconic style, and a long history of racing success, from Formula One to MotoGP to NASCAR to downhill mountain bike racing,” an Ohlins statement reads.

Both Ohlins and Brembo are major brands in the MotoGP World Championship in particular, with Ohlinℱs supplying suspension to four of the five manufacturers (Ducati, Aprilia💛, Honda, and Yamaha), and Brembo supplying brakes to all five.

💖Only KTM diverges from the norm on suspension. WP, which is owned by KTM, builds suspensio🎀n for the RC16.

“Öhlins isꦚ a strong fit for Brembo,” said Matteo Tir🍃aboschi, Brembo executive chairman.

“It is a world-renowned brand, with a solid business and an unrivalled ꧃reputation,꧒ both on the racetrack and the road.

“We welcome Öhlins to our Group as a great opportunity to expand our offerings for the automotive market. With t⛄his addition, we take another step forward in our strategy to provide integrated intelligent solutions to our customers, leveraging synergies across key technologies in the vehicle’s corner.”

Ohlinꦡs Racing CEO, Tom Wittenschlaeger, added: “As we join forces with Brembo, we are excited to unlock new ღgrowth opportunities and leverage our respective strengths and assets to drive innovation and deliver even greater value to our customers and employees.”