BARCELONA, Spain, July 15, 2025 /PRNewswire/ -- In a remarkable six-year sprint from founding and only two years after delivering the first vehicles to customers, Stark Future, the world's fastest-growing electric motorcycle brand, today announced its first profitable quarter. This unprecedented achievement, reaching profitability faster than any other electric vehicle manufacturer, firmly positions Stark Future as the first name in global electric motorcycles.

Multiple Stark VARG units awaiting delivery.

For Q2 2025, Stark reported a robust €47 million revenue and €4.5 million EBITDA, revenue that more than doubled from the previous year. This rapid financial ascent solidifies Stark Future as the largest and fastest-scaling electric-only motorcycle manufacturer in history, long since surpassing all other pure EV rivals in volume, revenue, and international footprint.

"Our main achievements in product development are well known, but this financial success is confirmation that our customers appreciate the hard work we put in every day behind the scenes," said Anton Wass, CEO of Stark Future. "We've rapidly established a cost-competitive global value chain as well as built a cutting-edge, 20,000-square-meter factory for in-house battery and vehicle production." 
Driven by overwhelming global demand for the groundbreaking Stark VARG, deliveries are accelerating across Europe, North America, South America, Asia, and Australia. The VARG's unrivaled performance and innovative design have attracted multiple former and current Motocross World Champions as buyers this quarter alone, further cementing Stark's reputation as the new benchmark in motocross and enduro performance.
"The Stark VARG is our proof of concept," added Wass. "Tesla took 14 years to turn a profit. We did it in six, and we're just getting started." 
Stark Future is channeling this explosive momentum to strategically enter broader segments of motorcycles and powersports, directly challenging long-established global brands with superior electric alternatives. Major breakthroughs in next-generation sustainable materials and advanced production scaling reflect the company's ambitious vision to fundamentally reshape the future of two-wheeled transportation.
"Stark Future embodies the relentless innovation and unwavering focus that defined the most successful technology companies in history and, critically, we're already profitable," Wass continued. "This isn't just about building great electric motorcycles, it's about building a sustainable, profitable business that can reshape both this industry and beyond."
Stark Future has proven that innovation and performance can go hand-in-hand with profitability. Stark Future's profitable quarter isn't just a financial milestone, it's a powerful signal to the industry, investors, and riders that the electric era in motorcycles has arrived, and it's being decisively led by a brand built to outpace tradition and dominate the future.
About Stark Future:
Stark Future is on a mission to revolutionize the motorcycle industry by leading the shift toward sustainability and drastically reducing CO₂ and plastic pollution. Through cutting-edge design and unmatched performance, the company delivers emotionally powerful, timelessly beautiful premium electric motorcycles that surpass traditional technology. Guided by a philosophy of innovation, quality, and user-focused simplicity, Stark Future combines bold ambition with a relentless pursuit of excellence. The brand's iconic gold logo symbolizes its full-circle approach to sustainability and its uncompromising drive to be number one. 

MILWAUKEE, July 15, 2025 /PRNewswire/ -- The four-day 2025 Harley-Davidson Homecoming® Festival immersed the Milwaukee region in music and moto-culture July 10-13, drawing thousands of enthusiasts to Veterans Park, the Harley-Davidson Museum, Harley-Davidson Headquarters and Davidson Park, and to local Harley-Davidson dealerships.

The annual Harley-Davidson Homecoming® Festival represents a commitment by Harley-Davidson to its hometown community and a way to promote this vibrant region. Next year's annual Harley-Davidson Homecoming® Festival is scheduled for July 9-12, 2026, in Milwaukee.



Some key highlights of the 2025 Harley-Davidson Homecoming® Festival include:

Veterans Park on the Milwaukee Lakefront – Chris Stapleton Rocks the Main Stage
Chris Stapleton played to a sold-out crowd on the main stage following performances by additional acts including Turnpike Troubadours, Sierra Ferrell, 49 Winchester, The Droptines, ÖOF TATATÁ, and other artists to close out the event. The Monster Energy Freestyle Motocross Shows featuring pro riders Axell Hodges and Takayuki Higashino thrilled onlookers on Friday and Saturday. Unfortunately, due to severe weather in the area, Harley-Davidson had to end Friday's show earlier than hoped. Due to the shortened performance schedule, all 1-day Friday tickets purchased through official festival ticketing agent Front Gate Tickets will receive a full refund and all 2-day tickets purchased through Front Gate Tickets will receive a 50 percent refund.

"The decision to evacuate Veterans Park early on Friday was not made lightly, but safety is always our top priority — for our riders, our fans, and our employees," said Theo Keetell, VP of Marketing. "We knew weather would become a factor later in the evening and made the call early to ensure everyone had time to seek shelter and get off the roads safely. Protecting our community comes first, always."

The Harley-Davidson Museum/Milwaukee
On Thursday night the Harley-Davidson Museum hosted the Official Harley-Davidson Homecoming® Festival Kickoff Party and Military Appreciation Day, featuring a free concert performance by Buckcherry on the Harley-Davidson Museum Rockford Fosgate® stage. More than 15,000 motorcycles and more than 32,000 attendees visited the Harley-Davidson Museum during the run of the Harley-Davidson Homecoming Festival to experience the Ives Brothers Wall of Death Stunt Show, the V-Twin Visionary Custom Motorcycle Showcase and many more activities.

Harley-Davidson Powertrain Operations/Menomonee Falls, Wis.
Guests enjoyed a self-guided tour of engine assembly and machining at Harley-Davidson Powertrain Operations in the Milwaukee suburb of Menomonee Falls. A wide selection of 2025 Harley-Davidson motorcycles were available for free test rides.

Harley-Davidson Headquarters/Juneau Avenue, Milwaukee
A guided Juneau Avenue Historical Tour through and around the current company Headquarters that once served as the original manufacturing factory was enjoyed by guests. Juneau Avenue was also the starting point for the Women's Ride on Saturday morning in memory of "the first lady of motorcycling" Nancy Davidson and supporting the Cancer Research Institute™. Davidson Park, the outdoor community hub created by the Harley-Davidson Foundation, hosted a relaxing oasis for riders with free music, an antique motorcycle show, and lawn games.

Harley-Davidson Dealership Events
Six Milwaukee-area authorized Harley-Davidson dealerships hosted events and entertainment during the run of the Harley-Davidson Homecoming® Festival. Those dealerships include House of Harley-Davidson (Greenfield), Milwaukee Harley-Davidson (Milwaukee), Suburban Motors Harley-Davidson (Thiensville), Uke's Harley-Davidson (Kenosha), West Bend Harley-Davidson (West Bend), and Wisconsin Harley-Davidson (Oconomowoc).

Visit www.hdhomecoming.com and follow @hdhomecoming on Instagram and Facebook to be the first to know about the 2026 lineup, tickets, and more festival updates.

QuoteORLANDO, Fla., July 14, 2025 /PRNewswire/ -- Demand The Limits Injury Attorneys proudly announces its expansion into the Orlando market through a strategic partnership with Jason P. Herman, a respected trial lawyer and a highly recognized name in personal injury law across the state of Florida. This significant milestone strengthens the firm's commitment to providing aggressive, client-focused legal representation to injury victims throughout Central Florida.

 

Jason P. Herman - Equity Partner of Demand The Limits Orlando

While Demand The Limits Injury Attorneys has already been serving clients in the Orlando area, this expansion establishes a stronger local presence and brings on an equity partner with decades of experience and a proven track record of securing maximum compensation for injury victims.

Jason P. Herman is renowned for his legal expertise, client-first approach, and consistent success in achieving large settlements and verdicts. His deep-rooted connections within the Orlando community, combined with statewide recognition, make him an invaluable addition to Demand The Limits Injury Attorneys.
"We are excited to welcome Jason P. Herman as an Equity Partner and expand our reach in the Orlando market," said Alan Siegel, Esq., Co-Founder and Partner at Demand The Limits Injury Attorneys. "Jason's outstanding reputation, legal expertise, and dedication to client advocacy align perfectly with our firm's mission. This partnership enhances our ability to provide reliable, results-driven legal support to clients across Central Florida."
This expansion supports Demand The Limits Injury Attorneys' larger strategy to grow its presence across Florida while remaining focused on its core mission: helping injury victims fully recover and secure the maximum compensation they deserve. With Jason P. Herman joining the leadership team, the firm strengthens its ability to serve clients with deep local knowledge, strong community ties, and exceptional legal support.

"This partnership is about more than growth. It reflects shared values and a steadfast commitment to fighting for our clients," said Jason P. Herman, New Equity Partner at Demand The Limits Injury Attorneys. "I'm honored to join forces with a firm that prioritizes customer service and life-changing results for their clients. Together, we'll expand our reach and continue making a difference for injury victims across Orlando and Central Florida."
With offices now in Orlando, Demand The Limits Injury Attorneys are better positioned than ever to provide around-the-clock compassionate and aggressive legal representation for clients across the state. The firm accepts a wide range of personal injury cases, including car accidents, truck accidents, motorcycle crashes, slip and falls, trip and falls, negligent security, wrongful death, medical malpractice, brain injuries and more. No matter the case, or the location,  the goal remains the same: to help injury victims recover physically, emotionally, and financially.
For more information about Demand The Limits Injury Attorneys and their expanded services in Orlando, please visit demandthelimits.com or call 407- 600-5555.

What are your thoughts about this ?

Well, the "Bronx" has never been released.  But a company called Powerbrick has introduced some really interesting parts for the Pan America.

If you are going to put more road miles on your PA than off road, take a look at some of these options/conversions/accessories from Powerbrick.

More information of the Pan America after getting the Powerbrick changes at https://www.bikeexif.com/harley-pan-america-powerbrick

This recall involves 509 Tactical 3.0 (Youth, Mountain, and Trail) helmets and 509 for Polaris Tactical 3.0 (Youth and Mountain) helmets. This recall also involves small and medium size 509 Tactical 2.0 helmets, 509 Tactical 2.0 helmets with Fidlock®, and 509 for Polaris Tactical 2.0 helmets, which were all manufactured in 2023. This recall also involves 509 and 509 for Polaris helmets with Fidlock®, including Tactical 2.0, Altitude 2.0, Delta R3L, Delta R4, Delta V, Mach III, Mach IV and Mach V (manufactured from 2020 to present with a stainless-steel glide bar). The 509 logo and "FIVE O NINE" are printed on the 509 helmets. The 509 logo and "Polaris" are printed on the 509 for Polaris helmets.
Brand/Model Sizes Colors Year(s) of Manufacture Remedy
509 Tactical 3.0 Helmets (Youth, Mountain, and Trail)

Youth small (YSM) to large (YLG)

Adult XS to 4XL
Various All Replacement, refund or credit
509 for Polaris Tactical 3.0 Helmets (Youth and Mountain) 


Youth small (YSM) to large (YLG)

Adult XS to 4XL
Various All Replacement, refund or credit
509 Tactical 2.0 Helmets Small/Medium Various 2023 Replacement, refund or credit
509 for Polaris Tactical 2.0 Helmets Small/Medium Various 2023 Replacement, refund or credit
509 Tactical 2.0 Helmets with Fidlock® Adult XS to 4XL Various 2020 to present Repair
509 for Polaris Tactical 2.0 Helmets with Fidlock® Adult XS to 4XL Various 2020 to present Repair
509 Altitude 2.0 Helmets with Fidlock® Adult XS to 4XL Various 2020 to present Repair
509 for Polaris Altitude 2.0 Helmets with Fidlock® Adult XS to 4XL Various 2020 to present Repair
509 Delta R3L Helmets with Fidlock® Adult XS to 2XL Various 2020 to present Repair
509 for Polaris Delta R3L Helmets with Fidlock® Adult XS to 4XL Various 2020 to present Repair
509 Delta R4 Helmets with Fidlock® Adult XS to 2XL Various 2020 to present Repair
509 for Polaris Delta R4 with Fidlock® Adult XS to 2XL Various 2020 to present Repair
509 Delta V Helmets with Fidlock® Adult S to 4XL Various 2020 to present Repair
509 for Polaris Delta V Helmets with Fidlock® Adult XS to 4XL Various 2020 to present Repair
509 Mach III Helmets with Fidlock® Adult XS to 2XL Various 2020 to present Repair
509 Mach IV Helmets with Fidlock® Adult XS to 2XL Various 2020 to present Repair
509 Mach V Helmets with Fidlock® Adult S to 3XL Various 2020 to present Repair

Remedy:

Consumers should immediately stop using the recalled helmets.

Consumers with a recalled "509" branded Tactical 3.0 or Tactical 2.0 (small/medium manufactured in 2023) helmet should contact 509 for instructions on how to participate in the recall and to receive a choice of a refund (if purchased online), or a credit to be used on 509's website or a replacement helmet.

Consumers with a recalled "509 for Polaris" branded Tactical 3.0 or Tactical 2.0 (small/medium manufactured in 2023) helmet should contact Polaris for a choice of a refund, a credit to use at a Polaris dealership or on the Polaris website, or a replacement helmet. Proof of purchase is not required. All helmets should be discarded in the local household trash after consumers have confirmed their helmet is being recalled by 509 or Polaris and follow the destruction instructions located on the website.

Polaris is also providing their customers who have the recalled 509 and 509 for Polaris helmets with Fidlock®, with instructions on how to inspect the webbing on the chin strap to make sure it is repaired by routing it correctly. 509 and Polaris are contacting all known purchasers directly.
Incidents/Injuries:

The firm received one incident where the rider's helmet became detached during a crash, resulting in a concussion.

Sold At:
Online at www.ride509.com and www.polaris.com and at 509 and Polaris dealers nationwide from January 2020 through May 2025 for between $140 and $900.
Importer(s):

Teton Outfitters LLC, dba 509, a Polaris subsidiary, of Rigby, Idaho
Manufactured In:
China

QuoteThe Fair Trade Commission will issue a cease-and-desist order to and fine U.S. motorcycle maker Harley-Davidson's Japanese subsidiary about 200 million yen ($1.4 million) for setting excessive sales quotas on dealers, sources said. 

later in the article...

QuoteDealers, placed in a weak position, were effectively forced to purchase the motorcycles themselves. They temporarily registered the bikes under the names of the dealer, its president, or staff, and counted these as sales.

After the dealers purchased the vehicles, the vehicles were considered "registered but unused." The dealers often had no choice but to sell them at discounted prices.

Full article: https://www.asahi.com/ajw/articles/15873689

SHENZHEN, China, June 20, 2025 /PRNewswire/ -- INMOTION, the world's best-selling electric unicycle brand for five consecutive years, today officially unveils its latest flagship model: the INMOTION V12S. More than just an electric unicycle, the V12S is a declaration of freedom, convenience, and intelligent living—designed for the new generation of urban explorers.



As cities become increasingly crowded and transportation needs evolve, electric unicycles are quietly reshaping daily commutes and urban lifestyles. No parking required, no traffic gridlock, and no emissions—EUCs offer a flexible and eco-friendly solution. And now, with the launch of the V12S, this lifestyle becomes even more comfortable, intelligent, and secure—setting a new benchmark in safe personal mobility. 

Mobility Designed for Real Life

Unlike traditional scooters or bicycles, the V12S gives riders true hands-free freedom. Enjoy a coffee, shoot a video, or simply feel the wind on your face—the V12S responds intuitively to your body's movements, becoming a natural extension of yourself.

To ensure a smooth and fatigue-free ride, the V12S is the first EUC to feature a motorcycle-grade central hydraulic suspension, offering an impressive 90mm of travel. It absorbs shocks from uneven terrain—whether cobblestones, speed bumps, or potholes—delivering a cloud-like riding experience on any urban road.

Smart and Safe: Built to Protect Every Ride

The V12S features INMOTION's advanced RideConnect, a connected safety platform that includes real-time ride tracking, remote locking, anti-theft alerts, and the newly added motion alarm when locked. Even when powered off, an independently powered security module remains active, offering 24/7 protection.

What's more, the V12S is UL certified, having passed one of the most rigorous electrical and fire safety standards in North America (UL2272). This, combined with intelligent monitoring and thermal management systems, ensures every ride is as safe as it is enjoyable.

A 4.3-inch automotive-grade touchscreen puts speed, range, alerts, and system info at your fingertips. During rides, high-fidelity speakers support shared audio between multiple riders, while a 256-color customizable ambient lighting system lets you express your style and mood with every turn.

'Mobility isn't just about going from point A to point B—it's about how you feel along the way, ' said the INMOTION product team.
'With the V12S, we wanted to deliver a whole new level of riding freedom—not just in speed, but in comfort, expression, and above all, confidence in your safety.'

Product Availability

Full specifications, pricing, and launch campaign details for the INMOTION V12S will be released soon via the INMOTION official website and social media channels.

Watch the product video: https://www.youtube.com/@INMOTIONSCV
Learn more about the INMOTION V12S

About INMOTION

Founded in 2012, INMOTION is a global leader in electric intelligent mobility, specializing in the development and manufacturing of electric unicycles. With its strong foundation in technological innovation and product excellence, INMOTION has been the world's top-selling electric unicycle brand for five consecutive years, shaping the future of personal mobility.

Guided by a dual focus on technology and design, INMOTION's products have earned widespread international recognition—including the iF Design Award (Germany), Good Design Award (Japan), and Red Dot Design Award (Germany)—and are sold in over 60 countries worldwide.

As an industry pioneer, INMOTION is committed to building a smarter, safer, and more joyful riding experience, while fostering emotional connections with forward-thinking users around the globe. Together, INMOTION and its riders are redefining the future of intelligent urban travel.

SOURCE INMOTION TECHNOLOGIES Co.,Ltd

REDDING, Calif., June 26, 2025 /PRNewswire/ -- The e-bikes market is experiencing remarkable expansion, with market valuation projected to reach USD 88.3 billion by 2032, representing a compound annual growth rate of 11.9% during the 2025-2032 forecast period. This substantial growth reflects the transportation industry's accelerating shift toward sustainable mobility solutions, where electric bicycles emerge as a preferred choice for short-distance commuting and urban micromobility, according to the latest research report "E-bikes Market by Propulsion Type (Throttle-assisted and Dual Mode), Class, Power Output, E-bike Type, Battery Type, Motor Type (Hub Motors and Mid-drive Motors), Structure, Charging Type, Charging Mode, and End User - Global Forecast to 2032", published by Meticulous Research®.

This significant growth reflects the global transportation sector's fundamental transformation toward intelligent, eco-friendly mobility systems where electric bicycles combine traditional cycling benefits with advanced electric propulsion technologies to achieve unprecedented levels of efficiency, sustainability, and user convenience.

Access your FREE sample report: https://www.meticulousresearch.com/request-sample-report/cp_id=5555

Environmental Crisis Accelerates Electric Mobility Adoption

The e-bikes market stands at the forefront of the sustainable transportation revolution, driven by manufacturers' and consumers' urgent need to address climate change through intelligent mobility solutions while reducing carbon footprints and improving urban air quality.

Climate Change and Air Pollution Drive Market Demand

The climate crisis is accelerating at an unprecedented rate, with air pollution emerging as a major public health concern. Epidemiological studies highlight air pollution's numerous detrimental health consequences, positioning it as a potential environmental risk factor for neurological diseases and neuropathology. As technology advances, there has been a gradual paradigm shift from conventional vehicles running on fossil fuels to electric alternatives.

E-bikes represent a growing range of shared micromobility options in cities across Europe, the U.S., and Asia. Using e-bikes for short distances represents the next major advancement in the automotive sector, incorporating technological innovations that help prevent air pollution, noise pollution, and other environmental factors.

Government Initiatives Accelerate Electric Bicycle Adoption

Government agencies, including the EPA (Environmental Protection Agency), have introduced limits on nitrogen oxide and carbon dioxide emissions, requiring automakers to comply with regulations and advance toward electric vehicles and micromobility solutions for short commutes. Countries in the APAC region have made significant progress in promoting initiatives focused on climate change caused by conventional transportation modes.

Thailand aims to produce 53,000 electric motorcycles by 2025 and is planning a trade-in scheme to make electric vehicles more affordable. Indonesia has plans to phase out conventional motorcycles from 2025. These rising environmental concerns and increasing government initiatives are expected to increase demand for electric vehicles to reduce harmful pollutants and improve air quality, propelling market growth.

Technology Innovation Drives Market Leadership Across Segments

Dual-Mode E-bikes Command Fastest Growth

Dual-mode e-bikes emerge as the fastest-growing propulsion category, offering riders the flexibility to switch between pedal-assist and throttle modes. These versatile bikes can ride farther and faster than traditional bicycles while helping improve fitness and remaining easy to operate. The ability to customize power assistance based on terrain and rider preference makes dual-mode e-bikes essential components in modern urban mobility ecosystems.

Class 2 E-bikes Lead Market Expansion

Class 2 e-bikes demonstrate the highest growth potential, driven by rising adoption for short commutes and growing government initiatives in electric mobility. These bikes provide throttle assistance up to 20 mph without pedaling, offering convenience for urban commuters and delivery services while maintaining regulatory compliance across most jurisdictions.

Adventure E-bikes Show Rapid Growth Trajectory

The adventure e-bikes segment exhibits exceptional growth potential as device versatility and performance capabilities demand unprecedented riding experiences. Adventure e-bikes enable users to explore challenging terrains, extended distances, and diverse outdoor environments while maintaining the health benefits of cycling and environmental sustainability of electric propulsion.

Explore customization options: https://www.meticulousresearch.com/request-customization/cp_id=5555

Battery Technology Advances Transform Market Dynamics

Lithium-ion Batteries Dominate Market Share

Lithium-ion batteries maintain their position as the leading power source for e-bikes, driven by increasing demand for electric vehicles, improved battery technology, government policies and regulations, and rising electric micromobility adoption. These advanced battery systems provide superior energy density, longer lifecycle, and faster charging capabilities compared to traditional alternatives.

Wireless Charging Emerges as Game-Changer

Wireless charging technology demonstrates the highest growth potential in the charging segment, driven by rising demand for EV fast-charging infrastructure, increasing implementation of wireless charging infrastructure in Europe, and rising prevalence of range anxiety issues associated with electric mobility. This technology eliminates the need for physical connectors and enables seamless integration with smart city infrastructure.

Regional Dynamics Shape Global Market Evolution

North America Establishes Market Leadership

North America is expected to register the highest CAGR during the forecast period, driven by rising consumer interest in purchasing e-bikes to benefit from tax exemptions on vehicles and increasing adoption of e-bikes in developing economies for micromobility. The region's commitment to sustainable transportation infrastructure, combined with substantial government investments in clean mobility technologies, positions North America for continued market leadership.

Government incentives promoting sustainable transportation initiatives, coupled with growing consumer awareness of environmental benefits, drive accelerated adoption of electric bicycles across diverse demographic segments and use cases.

Asia-Pacific Demonstrates Strong Growth Potential

Asia-Pacific continues to show robust growth opportunities as rapid industrialization and urbanization create demand for efficient urban mobility solutions. The region's focus on productivity enhancement and technological advancement drives accelerated adoption of electric bicycles across diverse industry sectors and urban planning initiatives.

Technology Innovation Unlocks Future Opportunities

Connected E-bikes Revolutionize User Experience

The evolution toward connected e-bikes places smart technology integration at the center of modern cycling experiences, with IoT-enabled systems serving as enablers for enhanced safety, navigation, and performance monitoring. This technological advancement drives development of more intuitive user interfaces, adaptive assistance systems, and personalized mobility experiences.

Battery Swapping Services Transform Operational Efficiency

Battery swapping services analyze usage patterns and optimize charging cycles to reduce EV acquisition costs and increase battery lifespan. This capability significantly reduces operational costs while improving user convenience and addressing range anxiety concerns that traditionally limited electric mobility adoption.

View complete market analysis: https://www.meticulousresearch.com/view-pricing/872

Key Players in E-bikes Market

The e-bikes market features intense competition among established bicycle manufacturers, technology innovators, and emerging mobility solution providers. Leading players include Robert Bosch GmbH (Germany), Yamaha Motor Co., Ltd. (Japan), Aima Technology Group Co. Ltd. (China), Giant Manufacturing Co., Ltd. (Taiwan), Merida Industry Co., Ltd. (Taiwan), PEDEGO INC (U.S.), Rad Power Bikes Inc. (U.S.), Yadea Group Holdings Ltd. (China), Aventon (U.S.), Fuji-ta Bicycle Co.,Ltd. (China), Trek Bicycle Corporation (U.S.), Riese & Müller GmbH (Germany), Leon Cycle Ltd. (U.K.), myStromer AG (Switzerland), Magnum Electric Bikes (U.S.), Brompton Bicycle Ltd (U.K.), MAHLE GmbH (Germany), Hero Cycles Ltd. (India), Electric Bike Store Ltd (U.K.), and Juiced Riders, Inc. (U.S.).


About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence, strategic insights, and consulting services to serve clients across 11 major industries globally.

Meticulous Research® offers comprehensive market research reports, custom research, and consulting services. Our research studies help clients make informed business decisions and understand emerging business trends and opportunities. The company's expertise spans across various domains, enabling it to provide accurate insights and strategic recommendations to its clients.

BERGAMO, Italy, Oct. 11, 2024 /PRNewswire/ -- Brembo today signed an agreement with Tenneco, a portfolio company of funds managed by affiliates of Apollo Global Management, Inc., for the acquisition of a 100% stake in Öhlins Racing, the leading manufacturer of premium, high performance suspension technology for motorcycles and cars in the Original Equipment, Motorsport, and Aftermarket segments.


"Öhlins is a strong fit for Brembo. It is a world-renowned brand, with a solid business and an unrivaled reputation, both on the racetrack and the road," said Matteo Tiraboschi, Brembo Executive Chairman. "We welcome Öhlins to our Group as a great opportunity to expand our offerings for the automotive market. With this 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."

Founded in 1976, Öhlins Racing is based in Upplands Väsby (Stockholm), Sweden, and has a strong international footprint. Öhlins employs approximately 500 people across two production facilities located in Sweden and Thailand, two R&D centers in Sweden and Thailand, and four distribution and testing branches in the U.S., Germany, Thailand and Sweden.

Öhlins' suspension technology is renowned for precision, performance, and innovation. With decades of expertise and advanced engineering, Öhlins Racing offers an extensive range of products, including shock absorbers, front forks, steering dampers, software and algorithms, and accessories for the OEM and aftermarket segments. The company also has a strong racing heritage and presence in major motorsport championships, supplying MotoGP, Formula 1, World Superbike, NASCAR, and others. Öhlins Racing is projected to close 2024 with a turnover in the range of USD 144 million, with an expected adjusted EBITDA margin between 21% and 22%.

"We're confident that Brembo is the right partner to take Öhlins Racing to the next level," said Jim Voss, CEO of Tenneco. "This sale not only positions Öhlins and its employees for continued success under Brembo's leadership in the market, but it also supports Tenneco's strategy of streamlining our business portfolio and strengthening our balance sheet as we continue to execute on our long-term vision."

"As we join forces with Brembo, we are excited to unlock new growth opportunities and leverage our respective strengths and assets to drive innovation and deliver even greater value to our customers and employees," said Tom Wittenschlaeger, CEO of Öhlins Racing.

Öhlins Racing is committed to developing the next generation of mechatronic suspension technology for both road and track. This innovation-driven approach will reinforce Brembo's mission to be a Solution Provider for future mobility.

This deal marks the largest acquisition in Brembo's history. The purchase price is USD 405 million, (corresponding to € 370 million at today's exchange rate), on a cash free / debt free basis, subject to customary price adjustment mechanisms. The acquisition will be paid using available cash.

The acquisition is subject to customary regulatory approvals and is expected to close in early 2025.

This acquisition continues Brembo's investment in the motorcycle and motor racing area. In 2021 the Group acquired SBS Friction in Denmark and J.Juan in Spain, completing the offer of braking system solutions dedicated to two-wheelers. In February of this year, Brembo announced its entry into Thailand with a new production site dedicated to braking systems for motorcycle manufacturers. Brembo also controls Marchesini, the leading brand in the design and production of light alloy wheels for racing and road motorcycles.

The two-wheeler business is today worth approximately 13% of Brembo's total revenues.

BofA Securities is acting as financial advisor to Brembo. Simpson Thacher & Bartlett and BonelliErede are acting as legal advisors. Jefferies LLC is acting as lead financial advisor to Tenneco.  Barclays is also acting as financial advisor and Sidley Austin LLP as legal advisor.

About Brembo
Brembo leads the world in the design and production of high-performance braking systems and components for top-flight manufacturers of cars, motorbikes and commercial vehicles. Founded in 1961 in Italy, Brembo has a long-standing reputation for providing innovative solutions for OEMs and aftermarket. Brembo also competes in the most challenging motorsport championships in the world and has won over 600 titles.

Guided by its strategic vision – "Turning Energy into Inspiration" – Brembo's ambition is to help shape the future of mobility through cutting-edge, digital and sustainable solutions.

With over 16,000 people across 15 countries, 32 production and business sites, 9 R&D centers and with a turnover of € 3,849 million in 2023, Brembo is the trusted solution provider for everyone who demands the best driving experience.

www.brembo.com

About Tenneco
Tenneco is one of the world's leading designers, manufacturers, and marketers of automotive products for original equipment and aftermarket customers. Through our DRiV, Performance Solutions, Clean Air and Powertrain business groups, Tenneco is driving advancements in global mobility by delivering technology solutions for light vehicle, commercial truck, off-highway, industrial, motorsport and the aftermarket.
Visit www.tenneco.com to learn more.

About Öhlins
Öhlins Racing has been an integrated part of the motorsport industry as well as the motorcycle and automotive industry for over 45 years. Our focus has consistently been on high-quality products, service and support, all the way from Formula 1 circuits to the local, national racing events in over 60 nations worldwide.
For more information visit www.ohlins.com.

SOURCE Brembo North America