After weeks of speculation, Team Lotus has confirmed they have purchased Caterham.
Details are limited, but the two companies say the tie-up will enable Caterham to "expand its brand profile and product family."
According to Ansar Ali, the Managing Director of Caterham, "Until now, the resources Caterham has had at its disposal have, naturally, limited the exposure of the Caterham experience and the legendary Seven has had to rely almost entirely on its remarkable reputation and legacy. However, the acquisition of the company by Team Lotus Enterprise will allow our existing management team to take Caterham's core spirit of pure driving enjoyment to a hitherto un-served audience."
To celebrate, Caterham will offer a special edition trim package for 50 Seven models. Each car will feature green and yellow livery as well as a plaque signed by Team Lotus drivers Jarno Trulli and Heikki Kovalainen. Furthermore, buyers will be given an opportunity to tour the Team Lotus factory.