After numerous rumours and speculations, its official. The majority 37.5 percent stake of Aston Martin (worth a massive S$294 million) has been sold.
Investindustrial, a leading European investment firm with €3.1 billion (S$4.89 billion) worth of assets, is now a major shareholder of iconic British luxury marque - Aston Martin. Through the investment, Investindustrial will inject £150 million (S$293 million) into Aston Martin.
With a strengthened economic profile, Aston Martin intends to invest more than half a billion pounds in its R&D programme over a five year period for its aspiring growth strategy. Production of handcrafted Aston Martins will resume at its purpose built facility in Gaydon via a skilled workforce of 1,600 employees.
Aston Martin, synonymous with exceptional quality and superb craftsmanship, was founded on January 15th 1913 by Lionel Martin and Robert Bamford. The brand spirit is driven by the tagline - Power, Beauty and Soul - operating over a global network of 146 dealerships across 41 countries.
"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 worlds leading luxury sports car manufacturers. Investindustrials new investment reflects and sustains the unique position of Aston Martin within the industry," said Aston Martins Chairman David Richards.
Andrea C. Bonomi, Senior Principal at Investindustrial, expressed similar sentiments, "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."
Investindustrial, a leading European investment firm with €3.1 billion (S$4.89 billion) worth of assets, is now a major shareholder of iconic British luxury marque - Aston Martin. Through the investment, Investindustrial will inject £150 million (S$293 million) into Aston Martin.
With a strengthened economic profile, Aston Martin intends to invest more than half a billion pounds in its R&D programme over a five year period for its aspiring growth strategy. Production of handcrafted Aston Martins will resume at its purpose built facility in Gaydon via a skilled workforce of 1,600 employees.
Aston Martin, synonymous with exceptional quality and superb craftsmanship, was founded on January 15th 1913 by Lionel Martin and Robert Bamford. The brand spirit is driven by the tagline - Power, Beauty and Soul - operating over a global network of 146 dealerships across 41 countries.
"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 worlds leading luxury sports car manufacturers. Investindustrials new investment reflects and sustains the unique position of Aston Martin within the industry," said Aston Martins Chairman David Richards.
Andrea C. Bonomi, Senior Principal at Investindustrial, expressed similar sentiments, "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."