The JV will develop business in the area of active and passive safety components and special accessories for motor vehicles and motorcycles.

6 September 2007 - Brembo SpA, a world leading manufacturer of high performance braking systems, and Sabelt SpA, a leading name in racing seat belts and child safety products, have signed a letter of intents with a view to integrate and develop their business operations in the area of components and special accessories for motor vehicles and motorcycles. A joint venture company, Brembo Performance SpA, will be set up.

The new company, headquartered at Curno (near Bergamo), will combine Sabelt Spa (racing and child safety products: €16 mln sales revenue in 2006) with Brembo Group High Performance Kits Business (braking systems for cars and motorcycles tuning: €12 mln sales revenue in 2006).

The JV agreement is expected to be in place and the new company incorporated by the end of 2007.  Brembo SpA will hold a 70% controlling interest in Brembo Performance, with the remaining 30% held by the Marsiaj and d’Ormea families, who own Sabelt shares. The new company will operate out of Sabelt production sites, at Moncalieri (Turin) and in Zilina (Slovakia) as well as Brembo factories.