(Translated from Croatian)
On Monday, Rimac Automobili announced that they have joined forces with the well-known automobile brand Bugatti Automobiles and created a new automobile and technology company - Bugatti Rimac, which will start operating in the fourth quarter of this year.
At the same time, Rimac Automobili will become the Rimac Group, which will be the majority owner of the new company with a 55 percent stake, while Mate Rimac will be the CEO of that new company.
Porsche will retain its existing 24 percent stake in the Rimac Group and acquire a 45 percent stake in the new company Bugatti Rimac.
The Rimac group, on the other hand, will split into two separate businesses - the new hypercar business and Rimac Technology, which will develop, manufacture and supply battery systems, drives and other EV components. Rimac Technology will be an independent company that cooperates with many global car manufacturers, according to Rimac.
In the Rimac Group, founder Mate Rimac will retain the original 37 percent stake, and with Porsche's 24 percent, the Hyundai Motor Group will have a 12 percent stake and other investors a 27 percent stake.
Mate Rimac, as CEO of the Rimac Group, will lead Bugatti Rimac and the new company Rimac Technology.
Bugatti and Rimac will continue to operate as separate brands, retaining existing production facilities and distribution channels. Rimac will thus keep its business premises on the outskirts of Zagreb, and the production of Bugatti will continue in Molsheim, France.
The Bugatti Rimac company will develop the future vehicles of Bugatti and Rimac, combining resources and expertise in research and development, production and other areas. Over time, Bugatti Rimac’s global headquarters will be located in the recently announced construction of the Rimac campus, which will also serve as the headquarters of Rimac Technology.
The 100 million-euro, 100,000-square-meter campus, scheduled to open in 2023, will be the basis for all research and development of future Rimac and Bugatti hypercars.
"This is a truly exciting moment in the short but fast-growing history of Rimac Automobil. We’ve been through so much in such a short time, but this new venture takes things to a whole new level. Rimac and Bugatti match perfectly. As a young, agile and fast-growing automotive technology company, we have become a pioneer in the electrical technology industry. With Nevera, we have also proven that we can develop and produce outstanding hypercars, which are not only fast, but also exciting and high quality. Bugatti, with more than a century of experience in engineering excellence, also has one of the most prominent legacies among automotive companies in history.” said Mate Rimac, who founded Rimac Automobile just 10 years ago.
According to Porsche CEO Olivear Blume, this deal combines Bugatti’s strong expertise in the hypercar business with Rimac’s tremendous innovative power in a very promising field of electromobility.
Source:
https://kamenjar.com/mate-rimac-preuzeo ... hrvatskoj/