News Details
Williams sells hybrid power subdivision
Williams Grand Prix Holdings has announced the sale of Williams Hybrid Power Limited from Williams' subsidiary, Williams Grand Prix Engineering Limited, to GKN Land Systems Limited in a multi-million pound transaction. This will see Williams Hybrid Power rebranded as GKN Hybrid Power.
GKN has agreed to purchase the whole of the issued share capital of Williams Hybrid Power Limited from Williams Grand Prix Engineering Limited. Under the terms of the transaction, Williams Grand Prix Engineering Limited will also receive additional consideration based on future sales and licences of the flywheel energy storage technology transferred with Williams Hybrid Power to GKN. Global financial advisory...
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11y ago from F1Technical.net
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