Brembo's acquisition of Ohlins Racing, the largest ever by the premium brake company, will not prevent it from considering other larger M&A deals.

Executive chairman Matteo Tiraboschi said this.

Brembo, which today reported essentially flat results for the first nine months, in October announced the $405 million cash purchase of Sweden's Ohlins in a deal expected to close in early 2025.

The company moved its registered office to the Netherlands to strengthen its retention share program and increase its ability to capitalize on M&A opportunities.

Tiraboschi added that after the headquarters relocation, Brembo has all the necessary tools for potential M&A transactions of any size, while not having specific targets.

"We continue to carefully observe what is happening in the market. If we find opportunities that fit Brembo, we don't want to be constrained by the financial part of the deal," Tiraboschi told Reuters in an interview following the results.

Brembo, which is controlled by the Bombassei family with a stake of about 70 percent, has said in the past that it is looking for opportunities for an acquisition of "significant size," even as large as the company itself.

(Translated by Chiara Scarciglia, editing Giancarlo Navach)