Company:Brembo

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Brembo N.V.
TypeNaamloze vennootschap
Short description: Italian stock exchange
Borsa Italiana
TypeStock exchange
LocationMilan, Italy
Founded1808; 218 years ago (1808)
OwnerLondon Stock Exchange Group
Key peopleAndrea Sironi (Chairman)
Raffaele Jerusalmi (CEO)
CurrencyEUR
No. of listings353
Market capEUR[1] (2017) € billion 2,370.00 ($ billion 2,960.00)
VolumeUnited States dollar 738 billion
IndicesFTSE MIB
FTSE Italia All-Share
FTSE Italia Mid Cap
FTSE Italia Small Cap
FTSE AIM Italia

Borsa Italiana S.p.A., based in Milan, is Italy's only stock exchange. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries and supervising disclosures for listed companies.[2]

Following exchange privatisation in 1997, the Company was established and became effective since 2 January 1998.[3] It is now a subsidiary of the London Stock Exchange Group plc since 23 June 2007.[4]

In 2015, overall capitalisation for listed company on Borsa Italiana was worth €567.2 billion, representing 34.8% of Italian GDP.[5]

Borsa Italiana is also informally known as Piazza Affari ("Business Square"), after the city square of Milan where its headquarters (the Palazzo Mezzanotte building) is located.

Borsa Italiana is chaired by Andrea Sironi, and Raffaele Jerusalmi is the CEO. They are both directors of the London Stock Exchange Group.[6]

Borsa Italiana is regulated by the Commissione Nazionale per le Società e la Borsa (CONSOB), an agency of the Ministry of Economy and Finance, based in Rome.

History

The Borsa di commercio di Milano (Milan Stock Exchange) was established by Eugène de Beauharnais, viceroy of the Napoleonic Kingdom of Italy, through decrees dated 16 January and 6 February 1808.[7] It operated under public ownership until 1998, when it was privatized.[8] In 1997, all the Italian stocks were merged. Before of this year other smaller stocks exchanges based in Naples, Turin, Trieste, Venice, Genoa, Florence, Bologna, Rome, and Palermo. In 1991 the electronic exchanges were approved and in 1994 the market with grida (A,B,C) was abolished. In Milan were also the currencies exchange rates fixing and the commodities fixing.[9]

On 1 October 2007, Borsa Italiana was merged with the London Stock Exchange in an all-share takeover,[10] thus becoming part of the London Stock Exchange Group. In March 2016, the London Stock Exchange Group announced the agreement to merge in an all-stock deal with Deutsche Borse, but was subsequently blocked by the EU Competition Regulator.[11]

Operations

Borsa Italiana acts as a market management firm operating with autonomy and flexibility. It organises and manages the domestic stock market along with Italian and international brokers through fully electronic trading system. Among its leading tasks, Borsa Italiana supervises listed companies, defining rules for admission and listings and supervising transaction activities.[12]

Trading hours

File:L.O.V.E. sculpture by Maurizio Cattelan in front of Milan Stock Exchange.jpg
L.O.V.E. sculpture by Maurizio Cattelan in front of Milan Stock Exchange
The exchange has pre-market sessions from 08:00am to 09:00am, normal trading sessions from 09:00am to 05:30pm and post-market sessions from 06:00pm to 08:30pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[13]

Markets

Major trading markets for Borsa Italiana are:

  • MTA, the leading equity market, which is devoted to mid and large-size companies. It includes two segments: STAR, for mid-sized firms, and MTA International, on which shares from non-Italian issuers already listed on other European markets are traded;[14]
  • AIM Italia, which collects stocks by small and medium high-growth companies;[15]
  • MIV (Market For Investment Vehicles), on which retail and professional investors operates on investment vehicles which have a defined strategic vision;[16]

Borsa Italiana also include markets for derivatives (IDEM),[17] ETF (ETFPlus) and bonds (MOT).[18]

Indices

Borsa Italiana's main indices are:[19]

  • FTSE Italia All Share
  • FTSE MIB, a capitalisation-weighted index of 40 of the biggest companies chosen to represent 10 economic sectors, created in 2009[20]
  • FTSE Italia Mid Cap
  • FTSE Italia Small Cap
  • FTSE AIM Italia
  • AIM Italia Investable

Listed companies

See also

References

Notes

  1. ↑ "Borsa in tempo reale - Listino completo - Milanofinanza.it". https://www.milanofinanza.it/quotazioni/ricerca/capitalizzazioni. Retrieved 4 April 2018. 
  2. ↑ italy24.ilsole4ore.com, "Borsa Italiana"
  3. ↑ source sense.com, "Borsa Italiana"
  4. ↑ news.bbc.co.uk, "London Stock Exchange Buys Borsa"
  5. ↑ borsaitaliana.it, "2015 Highlights"
  6. ↑ lseg.com, "Board"
  7. ↑ http://www.historytour.it, "History Tour – Borsa Italiana "
  8. ↑ "Historical Stages". Borsa Italiana. http://www.borsaitaliana.it/headerservices/bicentenario/tappestoriche.en.htm. [|permanent dead link|dead link}}]
  9. ↑ "24 dicembre 1802: viene istituita la Borsa Valori di Roma -". 24 December 2016. http://www.parmadaily.it/293111/24-dicembre-1802-viene-istituita-la-borsa-valori-di-roma/. Retrieved 4 April 2018. 
  10. ↑ "I Principali Indici di Borsa Italiana dopo la fusione con la Borsa di Londra". 21 January 2020. https://toptrading.org/indici/indici-borsa-italiani/. 
  11. ↑ competitionpolicyinternational.com, "EU: LSE and Deutsche Börse officially announce merger"
  12. ↑ borsaitaliana.it, "EU: LSE and Deutsche Börse officially announce merger[yes|permanent dead link|dead link}}]"
  13. ↑ Market Hours, Italian Stock Exchange via Wikinvest
  14. ↑ lseg.com, "MTA "
  15. ↑ lseg.com, "AIM Italia"
  16. ↑ lseg.com, "MIV: Trading "
  17. ↑ lseg.com, 'IDEM Equity "
  18. ↑ lseg.com, "MOT "
  19. ↑ borsaitaliana.it, "Gli indici"
  20. ↑ strategystocks.co.uk, "Milan Stock Exchange: The Italian Index "
  • Affari




FTSE Italia Mid Cap
IndustryAutomotive
FoundedJanuary 11, 1961; 65 years ago (1961-01-11)
FoundersEmilio Bombassei
Italo Breda
Headquarters
  • Legal Seat
    Amsterdam (Netherlands)
  • Business and Corporate Address
    Bergamo (BG), Italy, 24126, Via Stezzano 87
Area served
Worldwide
Key people
Daniele Schillaci (CEO), Alberto Bombassei (Chairman)
ProductsBrakes, rims, suspension components
Brands
  • Brembo
  • Bybre
  • Breco
  • Marchesini
  • AP
RevenueIncrease € 3,849.2 million (2023)[1]
Decrease € 305.0 million (2023)[1]
Number of employees
15,653 (2023)
Subsidiaries
  • AP Racing
  • SBS Friction
  • J.Juan
  • Öhlins
Websitewww.brembo.com
www.brembogroup.com

Brembo N.V. is an Italian manufacturer of automotive parts that most notably produces braking systems for high-performance cars. Its operational head office is in Curno, Bergamo, Italy, while Amsterdam, Netherlands, is the company's legal seat.[2]

History

Brembo was established in Paladina, Italy, on January 11, 1961, by Emilio Bombassei and Italo Breda (father and uncle, respectively, to the current Chairman Alberto Bombassei).[3][4] The company was named after the Brembo river. Bombassei lived in a village on the coast of the river before moving to Milan. Soon after Brembo was formed, it specialized in disc brakes, which were imported from the UK at the time. The company entered into a supply contract with Alfa Romeo in 1964 and became Moto Guzzi's brake component supplier in 1966. In the 1980s, Brembo also began supplying brakes to BMW, Chrysler, Ferrari, Mercedes-Benz, Nissan, and Porsche. Brembo went public on the Milan Stock Exchange in 1995.

In 2000, Brembo purchased the UK-based racing brake and clutch manufacturer AP Racing (a former division of Automotive Products). On November 9, 2007, Brembo's North American subsidiary acquired the Automotive Brake Components division of Hayes Lemmerz. The approximately €39.6-million sale included approximately 250 employees and production facilities in Homer, Michigan and Apodaca, Mexico.[5]

An official press release on May 21, 2014, announced an €83-million expansion of the Michigan facility. Later that year, on December 2, Brembo also announced plans to invest €32 million into a 31,500-square-meter production facility, projected to produce two million aluminum calipers annually. The expectation was initial operation by 2016 and full operation by the end of 2018.[6]

On March 5, 2015, Brembo's deputy chairman, Matteo Tiraboschi, reported 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 the company was exploring acquiring assets, with a focus on the automotive and aviation sectors.[7]

The company's corporate headquarters are in Stezzano, and the company has more than 10,634[8] employees within Italy and at branches in Brazil, China, Japan, Mexico, Poland, Spain, Sweden, the UK and the US. As of 2019, Brembo was present in 14 countries worldwide.

In October 2024, Brembo acquired Öhlins Racing for $405 million.[9]

Products

Ferrari 599 GTB Fiorano with yellow Brembo brakes.

Brembo specializes in performance braking systems and components as well as conducting research on braking systems. Brembo sells over 1,300 products worldwide and is known for their aftermarket automotive brake components, including calipers, drums, rotors, and brake lines. Brembo owns the foundries that produce their initial materials and supply the manufacturing plants. In all other markets, the company controls the entire production system—from raw materials through distribution. The company holds QS9000 and ISO 9001 certifications.

Motorsport

Brembo is the braking systems provider for Formula One.[10][11] Brembo also supplies the majority of MotoGP teams; the Gresini squad used Nissin brakes during the 2014 season and later Brembo returned again as a single brake package partner and supplier in MotoGP by 2016.[12] Brembo was also an official brake supplier for the IndyCar Series from the 2012 season until the 2016 season; during the 2017 season, Brembo supplied calipers only. During the next season, Brembo supplied entire braking systems to all Spark Racing Technology Gen2 cars in Formula E.[13][14]

Since 2005, Brembo has been an official brake caliper supplier for the GP2 Series and the FIA Formula 2 Championship. Since 2010, Brembo has been an official whole brake supplier for the GP3 Series and the FIA Formula 3 Championship. Brembo is the exclusive supplier of braking systems for the MotoE World Cup.[15]

Brembo Is the official technology partner for the sim racing series Gran Turismo and has various braking systems that can be used in game such as carbon-ceramic brakes and Brembo calipers.[16][17]

2019 Royal Enfield Interceptor 650 with ByBre brakes.

Brands

  • AP Racing — Racing motorcycle and car clutches and brakes[18]
  • Brembo — High end brakes (flagship)[18]
  • ByBre — Small to midsize scooter and motorcycle brakes in Brazil, Russia, India, China, and Southeast Asia[18]
  • Marchesini — Wheels[18]
  • J.Juan — Motorcycle brakes[18]
  • SBS Friction — OEM and aftermarket brake pads, brake discs and clutch kits for motorcycles, scooter, racing and UTVs/SSVs/ATVs[18]
  • Öhlins — Suspension components[18]

See also

  • List of Italian companies

References

  1. ↑ 1.0 1.1 "Results at 31 December 2023" (in en). https://www.brembo.com/en/company/news/fy-2023-results. 
  2. ↑ "Brembo company info". https://www.brembo.com/en/company-info. 
  3. ↑ "Brembo S.p.A.; Company Description", Barron's, https://www.barrons.com/quote/stock/it/xmil/bre/company-people 
  4. ↑ "Brembo President to Enter Automotive Hall of Fame; Alberto Bombassei has been nominated for induction into the prestigious Automotive Hall of Fame". Cycle World (Press release). April 3, 2017.
  5. ↑ "Brembo and Hayes Lemmerz complete sale of Hayes Lemmerz' Automotive Brake Component division to Brembo North America". 9 November 2007. http://www.brembo.com/en/Press/Comunicati-stampa/Documents/Comunicati%20Stampa%202007/Brembo-HayesLemmerz_09-11-2007.pdf. 
  6. ↑ "Brembo to Invest $39 Million (€32 Million) for a New Aluminum Caliper Production Plant in Mexico". 2 December 2014. http://www.brembo.com/en/Press/Comunicati-stampa/Documents/Comunicati%20Stampa%202014/2014%2012%2002%20Brembo_new%20plant%20in%20Mexico_ENG.pdf. 
  7. ↑ Agnieszka Flak (5 March 2015). "Brembo sees 2015 sales growing, looking at M&A". Reuters. https://www.reuters.com/article/brembo-results-outlook-idUSL5N0W74ET20150305. 
  8. ↑ "Brembo around the world" (in en-US). https://www.brembo.com/en/company/about/brembo-around-the-world. 
  9. ↑ "Brembo buys suspension maker Ohlins Racing for $405 million". Reuters. https://www.reuters.com/markets/deals/brembo-buys-suspension-maker-ohlins-racing-405-million-2024-10-11/. 
  10. ↑ "Brembo in Formula 1 - Motorsport" (in en). https://www.brembo.com/en/motorsport/formula1. 
  11. ↑ "Brembo presents the 2025 F1 Championship" (in en). https://www.brembogroup.com/en/media/news/2025-formula-1-championship. 
  12. ↑ Ilminen, Gary (2025-02-22). "Brembo Celebrates 50 Years of F1 and MotoGP Braking Innovation" (in en-US). https://ultimatemotorcycling.com/2025/02/21/brembo-celebrates-50-years-of-f1-and-motogp-braking-innovation/. 
  13. ↑ "The New Tech Headache Formula E Teams Must Solve" (in en). InsideEvs. 21 October 2018. https://insideevs.com/the-new-tech-headache-formula-e-teams-must-solve/. 
  14. ↑ "Next generation Formula E Car breaks cover in Geneva". FiaFormulaE. 6 March 2018. http://www.fiaformulae.com/en/news/2018/march/next-generation-formula-e-car-breaks-cover-in-geneva/. 
  15. ↑ "The brakes of the MotoE explained by Brembo" (in en). epaddock. 14 October 2019. https://www.epaddock.it/en/i-freni-della-motoe-spiegati-da-brembo/. 
  16. ↑ "GT7 Guide: How to Upgrade Car Brakes" (in en). https://www.brembo.com/en/live-our-energy/gaming/gt7-tuning. 
  17. ↑ "Gran Turismo 7: Brembo, excellence partner in gaming" (in en). https://www.brembo.com/en/live-our-energy/gaming/gt7-partner. 
  18. ↑ 18.0 18.1 18.2 18.3 18.4 18.5 18.6 "Who we are" (in en). https://www.brembogroup.com/en/who-we-are. 



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