Brembo on Friday announced its acquisition of Öhlins Racing, a well-known manufacturer of performance suspension components for cars and motorcycles.

The purchase price—$405 million—is the largest every paid by Brembo to acquire another company, according to the company, which added that the deal is still subject to regulatory approval and is expected to close in early 2025.

“Öhlins is a strong fit for Brembo,” Matteo Tiraboschi, Brembo executive chairman, said in a statement. “It is a world-renowned brand, with a solid business and an unrivaled reputation, both on the racetrack and on the road.”

Founded in 1976 and based near Stockholm, Sweden, Öhlins designs and manufactures a wide array of suspension components for aftermarket and motorsports use, having supplied parts to MotoGP, Formula 1, World Superbike, NASCAR, and other race series over the years. Its dampers are also used by automakers in vehicles ranging from the Ariel Nomad to the Polestar 2.

Öhlins employs approximately 500 people across two manufacturing facilities and two R&D facilities (one each in Sweden and Thailand), and distribution centers and testing centers in the U.S., Germany, Sweden, and Thailand.

The company’s mix of racing and road-car experience should complement Brembo, which supplies brakes for major racing series and performance road cars. Brembo-branded braking systems appear on everything from the Subaru BRZ tS to the Bugatti Bolide. The purchase also marks Brembo’s continued push into motorcycle components, following its acquisition of motorcycle-brake specialists SBS Friction and J.Juan in 2021.