Carnegie advised Scandinavian Brake Systems A/S (SBS) in the divestment of its remanufacturing production of brake calipers to FTE Automotive for DKK 207 million.
SBS is a Danish listed company within development, production and distribution of brake parts and related wear parts for cars, motorcycles, wind turbines and other specialised areas with revenue of DKK 1,030 million in 2013. The company is headquartered in Svendborg, Denmark, with approx. 475 employees in Denmark, Germany, France and Russia. After the transaction SBS will have approx. 360 employees.
FTE Automotive GmbH is a leading, German manufacturer of hydraulic brake parts and clutches headquartered in Ebern north of Nu-remberg, Germany, and with divisions in i.a. the US, Mexico, Brazil, China and India. The company has approx. 3,600 employees and revenue totaled approx. DKK 3,400 million in 2013.