Putting an end to all the rumors about its sale, Aston Martin officially announced that the European investment firm Investindustrial has acquired a 37.5 per cent stake in the company. So Investment Dar is not fully unloading Aston, and it’s not being sold to the Indians or the Chinese.
Investindustrial has apparently paid Dar £150m for its interest in Aston Martin. Now that they are at ease and have a multi billion Euro firm behind them, Aston is thinking of expanding its business even further. They intent to invest more than half a billion pounds in new product and technology programme over the next five years. Together the Investment Dar and Investindustrial will support Aston’s future plans.
Comments:
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.”
