Tenneco to acquire Öhlins Racing for $160 million

Tenneco signed a definitive agreement to acquire Öhlins Racing A.B., a Swedish suspension technology company, for approximately $160 million. The acquisition is expected to close in Q1 2019.

“Tenneco’s 20 year relationship with Öhlins has delivered world class products in the intelligent suspension market and provides a strategic entry into advanced performance communities with premium branded products and proprietary Continuously Controlled Electronic Suspension Valve (CES) technology.”tenneco.com

• 2 sources
• tenneco.comTenneco Signs Definitive Agreement To Acquire Öhlins Racing A.B | TennecoNov 15, 2018
• defence-industries.comTenneco Signs Definitive Agreement to Acquire hlins Racing ABLouis HuyzenDec 17, 2018

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