Tec Racing, advised by New Deal Advisors, has acquired IAME and Kart Republic to bolster its capabilities in the competitive karting sector and establish the Korus Group as a leader in the motorsport industry.
Target Information
Tec Racing, along with its subsidiary Tatuus Racing, has recently acquired IAME, a leading manufacturer of competition kart engines, and Kart Republic, a specialized manufacturer of competition kart chassis. This strategic acquisition underscores Tec Racing's commitment to enhancing its capabilities in the competitive motorsport sector.
The acquisition of IAME and Kart Republic is part of a broader strategy that includes the recent acquisitions of Birelart and Next Solutions Technologies. Together, these initiatives aim to establish the Korus Group, an Italian platform dedicated to designing and manufacturing every component of a racing vehicle, with the ambition of achieving excellence in motorsport across all dimensions globally.
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Industry Overview in Italy
The motorsport industry in Italy is renowned for its rich history and contribution to the global racing scene. Italy has been home to several iconic racing teams and car manufacturers
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