Aston Martin welcomes Investindustrial as a major shareholder. Investindustrial is investing £150m in the British car maker in the form of a capital increase for a 37.5 percent stake in the company. Earlier this year Investindustrial successfully sold motorcycle manufacturer Ducati to the VAG (Volkswagen Audi Group), netting a very good profit on their investment. Will they be able to do the same with Aston Martin?
Aston Martin intends to invest more than half a billion pounds in its new product and technology programme over the next five years. The production of the luxury car brand will remain at the British marque’s global headquarters at Gaydon in Warwickshire.
Aston Martin Chairman David Richards said:
I am delighted that Investindustrial has decided to become a major investor in Aston Martin. With the support of The Investment Dar, we have made substantial progress over the past five years in laying the foundations for success as one of the world’s leading luxury sports car manufacturers. Investindustrial’s new investment reflects and sustains the unique position of Aston Martin within the industry. With this partnership and the continued commitment of The Investment Dar, we look forward to working with our shareholders as we realise our vision and exciting future plans.
Andrea C. Bonomi, Senior Principal at Investindustrial, comments:
We are delighted to form part of this iconic global, but quintessentially British brand. We are looking forward to working with the management and Investment Dar to achieve a similar transformation and rejuvenation that we achieved with Ducati, by expanding the model range and strengthening the dealership network, throughout the world.
Adnan Al-Musallam Chairman & Managing Director of The Investment Dar said:
We welcome Investindustrial as new partners in our collaboration with Aston Martin. With our continued commitment and the support of Investindustrial, Aston Martin is in a strong position to pursue its plans for development.