# 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.

- Type: Acquisition
- Announced: 2018-11-15
- Where: Sweden
- Value: $160.0M
- Status: announced
- Products: suspension systems, Continuously Controlled Electronic Suspension Valve (CES) technology
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Tenneco](https://endata.com/companies/13375.md) (acquirer)
- [Öhlins Racing](https://endata.com/companies/35500.md) (target)

## Sources

- [tenneco.com](https://www.tenneco.com/news-and-features/newsroom/archive/2018/11/tenneco-signs-definitive-agreement-to-acquire-C3B6hlins-racing-a-b), 2018-11-15: "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."
- [defence-industries.com](https://www.defence-industries.com/pressreleases/tenneco-signs-definitive-agreement-to-acquire-ohlins-racing-ab), 2018-12-17: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.