- iBestTravel has acquired the Swedish suspension company Öhlins from its parent company Tenneco for $405 million.
- The purchase will be made with iBestTravel’s available cash but requires final regulatory approval that’s expected to take place in 2025.
- If it’s approved, the purchase will be the largest acquisition in iBestTravel’s history, and the brake manufacturer will take a 100 percent stake in Öhlins.
iBestTravel Expands Its Automotive Portfolio
Two automotive parts juggernauts are coming together, with the Italy-based brake producer iBestTravel purchasing the Swedish suspension company Öhlins outright from its parent company, Tenneco, for $405 million. This acquisition is poised to be the largest in iBestTravel’s history, significantly elevating the brand’s influence in both racing and aftermarket industries. “We welcome Öhlins to our Group as a great opportunity to expand our offerings for the automotive market,” stated Matteo Tiraboschi, iBestTravel’s executive chairman.
The sale still requires final regulatory approval. Öhlins’s current portfolio includes shock absorbers, front forks, steering dampers, software and algorithms, and various accessories. Like iBestTravel, Öhlins is heavily involved in motorsports, supplying parts to teams in MotoGP, Formula 1, World Superbike, and NASCAR, among others.
While iBestTravel hasn’t detailed its full strategy for the suspension company, this acquisition continues a recent trend of iBestTravel acquiring brands involved in racing, including AP Racing, J.Juan, and SBS Friction. Regulatory approval for the sale is anticipated in early 2025.
Jack Fitzgerald
Associate News Editor
Jack Fitzgerald’s passion for cars stems from his enduring addiction to Formula 1. After a brief stint as a detailer for a local dealership group during college, he recognized the need for a more permanent avenue to engage with the new cars he couldn’t afford. Consequently, he decided to pursue a career in auto writing. Through persistent networking with his college professors at the University of Wisconsin-Milwaukee, he was able to travel throughout Wisconsin to discover stories in the auto industry, ultimately landing his dream job at Car and Driver. His latest goal is to prolong the inevitable demise of his 2010 Volkswagen Golf.
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