TORONTO, Sept. 16, 2022 (Globe NEWSWIRE) — EV Technological innovation Group Ltd. (the “Enterprise” or “EV Engineering Team”) (NEO: EVTG, OTCQB: EVTGF, DE: B96A) announces that it has entered into a share exchange arrangement (the “Definitive Arrangement”) with 1000310362 Ontario Inc. (the “Focus on”) and its shareholder, to receive a portfolio of mental residence which includes iconic models Officine Stampaggi Industriali, Fantuzzi, Marazzi and Brewster & Co. (the “Transaction”).
EV Technologies Team has a tactic of buying legendary, very well liked automotive makes and then electrifying them for the upcoming of motoring. This strategic transaction expands the portfolio of manufacturers under EV Technology Group’s regulate and represents key potential to develop the long run landscape of electric motoring. The makes in the acquisition characterize the epitome of earth-class style and heritage, supplying EV Know-how Team the means to leverage on current brand name benefit, and supply exceptional luxury EVs, with existing charm and heritage, to shoppers throughout the globe. The manufacturers in the Transaction incorporate:
Marazzi, Fantuzzi, Brewster & Co and Officine Stampaggi Industriali – signing up for the EV Technological innovation Team portfolio of strategic makes
Fantuzzi was started in 1939 by Medardo Fantuzzi, an automotive engineer, in Modena Italy. Medardo and his brother Gino Fantuzzi were involved in building the Maserati A6GCS, Maserati 350S and Maserati 200S through the 1940’s and 1950’s. Medardo went on to function for Ferrari till 1966, where by he grew to become identified for creating bespoke reduced-output overall performance vehicles including the Ferrari Tipo 156 “sharknose” Fantuzzi, in addition doing work for De Tomaso, Scuderia Serenissima, AMS and Techno, emblematic types that are even now cherished today.
Marazzi was started by Carlo Marazzi and his two sons, Serafino and Mario in 1967, in Milan Italy. Marazzi initially done the Lamborghini 400GT 2+2 series, adopted by a collection of 125 Lamborghini Islero, and the initial couple of of the Lamborghini Jarama. Then came the gorgeous Alfa Romeo 33 Stradale.
Officine Stampaggi Industriali
Officine Stampaggi Industriali (OSI) was established in 1960, by Luigi Segre, previous president of Carrozzeria Ghia, and Arrigo Olivetti from Fergat. OSI was primarily based in Turin Italy and was a brief-lived company that manufactured custom developed autos centered on Alfa Romeo, Fiat and Ford. Although creation was limited, OSI manufactured a long lasting effect in the automotive market, renowned for the conception of the 1960 Innocenti 950 Spider and the Ford 20M TS Coupé, number of of which are continue to all around now.
Brewster & Co
Brewster & Organization dates back again to 1810, when James Brewster swiftly shaped a reputation as America’s leading carriage maker. Brewster then went on to function on vehicles, with the first being forward of the moments with an electric automobile centered on a gas-powered Delaunay-Belleville chassis in 1905. The Organization was perfectly-recognised in The us as a supreme coachbuilder for a range of cars, with an on-off partnership with Rolls-Royce. Brewster & Co paved its way in the bespoke auto marketplace, successful various awards.
Pursuant to the Definitive Agreement, EV Technologies Team will concern a complete of 1,950,000 common shares of the Corporation (the “Payment Shares”) to the shareholder of the Focus on in exchange for all of the issued and remarkable shares of the Focus on, with a number of the Payment Shares subject matter to contractual lock-up limits. No finder fees will be paid out in link with the Transaction.
Wouter Witvoet, CEO of EV Technology Group explained, “EV Know-how Group firmly thinks in the long run of electric cars, and at present the most productive way to push adoption is with the electric power of makes. By getting legendary cars, we just take inspiration from the model, which includes its design, values, heritage and ambition. This addition of four incredibly historic Corporations inside of our portfolio is strategic and represents our trajectory to becoming a single of the most well known electrical automotive brands of currently.”
EV Technological innovation Group
EV Technologies Group was established in 2021 with the eyesight to electrify iconic brands – and the mission to redefine the pleasure of motoring for the electric powered age. By acquiring legendary manufacturers and bringing beloved motoring ordeals to the electric age, EV Technologies Team is driving the EV revolution forward. Backed by a diversified workforce of passionate business owners, engineers and driving fanatics, EV Technological innovation Team produces price for its consumers by possessing the full consumer working experience — buying and partnering with iconic models with sizeable development likely in special marketplaces, and controlling stop-to-stop capabilities. To find out much more go to: https://evtgroup.com/
EV Technological know-how Group
CEO and Chairman of the Board
Ahead-On the lookout Details
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