Borg Automotive acquires SBS Automotive

Published:  06 May, 2021

Borg Automotive, which is part of the Danish industrial conglomerate Schouw & Co, has bought SBS Automotive. The addition of SBS Automotive is part of an ongoing growth strategy which began last year with the acquisition of the Spanish turbo remanufacturer Turbo Motor Inyección (TMI).

According to Borg Automotive CEO Kim Kruse, the acquisition of SBS Automotive provides access to new markets, new customer segments, and new products: “SBS adds significant revenue and a new dimension to our business, meaning that we will now be present in new markets.”

SBS Automotive primarily markets products under the NK brand, but also under the brand EuroBrake and private label. Mads Bonde, CEO of SBS Automotive observed: ”Being a part of Borg Automotive gives us access to additional resources which means, that we are able to strengthen our strategic plans and business development”.

Jens Bjerg Sørensen, CEO, Schouw & Co., added: "We have great ambitions for the development of Borg Automotive. It is our goal to realise a major, responsible, and long-term transformation of Borg Automotive, and we took the first step in 2020 with the acquisition of TMI. Acquiring SBS Automotive is a significant link in the strategic development, adding a new dimension to our market access and strengthening our reach and position in the market. Borg Automotive’s growth journey is far from over, and as active owners we are prepared for continued growth and development."

SBS Automotive and Borg Automotive will for the time being continue as independent units. The acquisition is expected to be finalised on 1 July.

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