Aston Martin & Investindustrial officially tie the knot

Aston Martin has successfully completed their previously announced partnership with Investindustrial.

According to the terms of the deal, Aston Martin will receive a £150 ($223.7 / €177.1) million investment from Investindustrial in return for a 37.5 percent stake in the company. The money will be used for a "significant new product development program" that will enable Aston Martin to have an "ambitious growth strategy." In total, Aston Martin and its partners will invest more than £500 ($778.8 / €589.4) over the next five years to rejuvenate their product lineup.

Additional information is limited, but Investindustrial Chairman Andrea Bonomi has previously confirmed Aston Martin is in talks with Daimler and "other manufacturers" to jointly-develop engines and electrical components for future models.

Despite the influx of new funds, Aston Martin confirmed production will remain in Gaydon, England.

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Automaker Aston Martin
Article type Corporate/Financial
Tags aston martin-investindustrial, aston martin-investindustrial partnership, investindustrial