11:14 am, December 7, 2012
ASTON MARTIN’s planned investment has gone ahead – with an Italian firm buying 37.5 per cent of the company.
Investindustrial, who previously owned motorcycle firm Ducati, has invested £175 million in the British firm, beating Indian tractor and car maker Mahindra & Mahindra to the prize.
The investment should help Aston Martin with its future development plans – intending to invest ‘more than half a billion pounds’ in its product lines over the next five years.
This will undoubtedly help the manufacturer, which has been criticised by many over the last few years for failing to launch any ‘all-new’ products.
‘I am delighted that Investindustrial has decided to become a major investor in Aston Martin,’ said Aston Martin chairman David Richards – taking a moment to thank the firm’s other major shareholder.
‘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.’
The Investment Dar seemed to be happy with their new partner, too – with chairman and managing director Adnan Al-Musallam commenting: ‘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.’
