AF Racing AG and HWA AG set up motorsport joint venture
Donnerstag, 26 Juli 2018
A strategic innovation partnership to leverage the synergies of the two companies in a very attractive market.
Joint enterprise addressing the market for racing cars and small-scale series production.
Niederwil, 26th July 2018: AF Racing AG and HWA AG have agreed to set up a joint venture enterprise with both companies as equal partners. It will be based in Germany. AF Racing AG has its company headquarters in Switzerland and is actively involved in various GT series, primarily via the R-Motosport racing team. R-Motorsport is also the motor racing division of Aston Martin St Gallen, the only exclusive Aston Martin dealer in Switzerland and a company affiliated with AF Racing AG. Along with Aston Martin Lagonda Ltd and Red Bull Technologies, AF Racing is a strategic partner of the Aston Martin Valkyrie hyper sports car project.
The aim of the joint venture is to establish a strategic innovation partnership for development projects in auto racing and in the automotive sector in general. AF Racing AG and HWA AG intend to pool their respective strengths in this new company. AF Racing AG, which is one of a group of companies owned by Dr Andreas Baenziger and Dr Florian Kamelger, has excellent access to the relevant market and to customers in motor racing. HWA AG specialises in the development and construction of racing cars and in small-scale series production as well as the provision of related support and aftersales services. The target market are benchmark products in motorsport and small-scale series production.
Dr Florian Kamelger, co-owner of AF Racing AG and Team Principal of R-Motorsport: “The founding of the joint venture with HWA AG opens up further scope for the strategic development of our company in terms of both motor racing and automotive production and sales. Our priority is to firmly establish ourselves in international motorsport and to achieve success, thereby demonstrating innovative strength and competitiveness in development and production for our various partners.”
Dr Andreas Baenziger, co-owner of AF Racing AG: “HWA AG has been extremely successful in the DTM and in GT racing for several decades now. The company has many years of experience in the construction of racing cars and also in the development of special models in the high-performance road vehicle segment. This is the ideal basis for our new joint venture to become a successful technology enterprise.”
Ulrich Fritz, CEO of HWA AG: “The market environment in which HWA AG operates – international motorsport in particular – is currently experiencing rapid development. AF Racing is a company that is young and highly dynamic in equal measure; it is constantly looking for new directions and opportunities. Combined with the many years of experience acquired by HWA AG in international motorsport, this offers great potential which we want to tap into with the establishment of our joint venture enterprise.”
About AF Racing AG:
Emotion, passion, vision – these are the qualities that set AF Racing AG apart. The fledgling motorsport company came to prominence this year when its R-Motorsport racing team won the three-hour Blancpain GT Series Endurance Cup race at Silverstone. In addition to its ever-growing presence in motorsport, the Swiss company is also involved in the automotive sector. Along with Aston Martin Lagonda Ltd and Red Bull Technologies, AF Racing is a strategic partner of the Aston Martin Valkyrie hyper sports car project. Through its R-Motorsport team, AF Racing AG is mainly active in international GT3 competitions such as the Blancpain GT Series Endurance Cup in which it fields Aston Martin Vantage GT3 cars. R-Motorsport is also the motor racing division of Aston Martin St Gallen, the only exclusive Aston Martin dealer in Switzerland and a company affiliated with AF Racing AG. With its sister brand R-Reforged, AF Racing AG is active in the business of vehicle refinement and associated small-scale series production.
About HWA AG:
Top performance and determination to win – that is the philosophy of HWA AG. The team has been active in international motorsport for nearly five decades and is one of the most successful teams of all time. As a sought-after development partner, HWA AG bundles its expertise for more victories on the racetrack.
HWA AG has existed in its current form since 1998. Hans Werner Aufrecht founded AMG, the customization specialist for the Mercedes-Benz brand, in 1967. At the end of 1998, Aufrecht sold the original AMG Motorenbau- und Entwicklungsgesellschaft mbH to Daimler AG. As part of this sale, the motor racing business units, today’s Mercedes-AMG DTM team and parts of the vehicles/vehicle components unit were spun off and transferred to HWA AG. At the end of 2006, the company was converted from a limited liability company to a stock corporation; HWA AG was floated on the stock market in April 2007.
Today, HWA AG’s motor racing segment is responsible for the popular DTM touring car racing series. On behalf of Mercedes-Benz Motorsport, HWA AG takes on all activities as a full-service provider, including the development and construction of Mercedes-Benz DTM racing cars and the operation of the racing team. The vehicles/vehicle components business unit includes the development and production of vehicles and components for automotive manufacturers in the premium segment. HWA AG has further expertise in the development, manufacture and servicing of Formula 3 racing engines. The GT3 racing version of the Mercedes-Benz SLS AMG was developed and produced by HWA AG in close cooperation with Mercedes-AMG. The follow-up project, the Mercedes-AMG GT3, has been delivered to customer teams all over the world since December 2015. Since December 2017, the Mercedes-AMG GT4 has been delivered.
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