AP Racing
 |
|
| Public (Borsa Italiana:BRE) | |
| Industry | Automotive industry |
| Founded | Bergamo (1961) |
| Founder | Emilio Bombassei Italo Breda |
| Headquarters | Stezzano, Bergamo, Italy |
|
Area served
|
Worldwide |
| Products | Brake components |
| Revenue |
 € 1.254 billion (2011) |
|
Number of employees
|
7,700 (2014) |
| Subsidiaries | AP Racing Marchesini |
| Website | www |
Brembo S.p.A. is an Italian manufacturer of automotive brake systems, especially for high-performance cars and motorcycles based in Bergamo, near Milan.
Brembo was established in Bergamo, Italy in 1961. Soon after the company was formed, it specialised in disc brakes, which were imported from the UK at the time. The company entered into a supply contract with Alfa Romeo in 1964. It became the supplier of brake components to Moto Guzzi in 1966.
In the 1980s, Brembo began supplying BMW, Chrysler, Ferrari, Mercedes-Benz, Nissan, and Porsche with brakes. The company went public on the in 1995.
Corporate headquarters are located in Bergamo, and the company has more than 6,000 employees within Italy and at branches in Brazil, China, Japan, Mexico, US, Poland, Spain, Sweden, and the UK.
In 2000 Brembo purchased the UK-based racing brake and clutch manufacturer AP Racing (a former division of Automotive Products).
On November 9, 2007, the Automotive Brake Components division of Hayes Lemmerz was acquired by Brembo's North American subsidiary. The approximately €39.6 million sale included production facilities in Homer, Michigan and Apodaca, Mexico and approximately 250 employees.
An official press release on May 21, 2014 announced an €83 million expansion of the Michigan facility. On December 2, 2014, Brembo announced plans to invest €32 million into a 31,500 square meter production facility, which is projected to produce 2 million aluminum calipers yearly. The current expectation is initial operation beginning in 2016 and full operation by the end of 2018.
Brembo's deputy chairman Matteo Tiraboschi reported on March 5, 2015 the company's 2014 sales growth of 15% up to €1.8 billion, and a net profit increase of 45% to €129.1 million. He also reported that possibilities for acquiring assets were being explored, with focus on the automotive and aviation sectors.
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Wikipedia