{"id":30688,"date":"2022-09-29T16:03:52","date_gmt":"2022-09-29T11:03:52","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=99041"},"modified":"2022-09-29T16:03:52","modified_gmt":"2022-09-29T11:03:52","slug":"ev-technology-group-announces-completion-of-acquisition-of-portfolio-of-iconic-automotive-brands-of-ford-maserati-and-ferrari-coach-builders","status":"publish","type":"post","link":"https:\/\/myanmarnewsgazette.com\/ev-technology-group-announces-completion-of-acquisition-of-portfolio-of-iconic-automotive-brands-of-ford-maserati-and-ferrari-coach-builders\/","title":{"rendered":"EV Technology Group Announces Completion of Acquisition of Portfolio of Iconic Automotive Brands of Ford, Maserati and Ferrari Coach Builders"},"content":{"rendered":"
TORONTO, Sept. 29, 2022 (GLOBE NEWSWIRE) — EV Technology Group Ltd. (the \u201cCompany<\/strong>\u201d or \u201cEV Technology Group<\/strong>\u201d) (NEO: EVTG, OTCQB: EVTGF, DE: B96A) announces that it has completed its acquisition of 1000310362 Ontario Inc. (the \u201cTarget<\/strong>\u201d), previously announced by the Company on September 16, 2022 (the \u201cAcquisition<\/strong>\u201d). The Target holds a portfolio of intellectual property including iconic brands Officine Stampaggi Industriali, Fantuzzi, Marazzi and Brewster & Co.<\/p>\n EV Technology Group has a strategy of acquiring iconic, well loved automotive brands and then electrifying them for the future of motoring. This strategic Acquisition expands the portfolio of brands under EV Technology Group\u2019s control and represents major potential to expand the future landscape of electric motoring. The brands in today\u2019s Acquisition represent the epitome of world-class design and heritage, giving EV Technology Group the ability to leverage on existing brand value, and offer unique luxury EVs, with existing charm and heritage, to customers across the globe. The brands in the Acquisition include:<\/p>\n <\/p>\n Marazzi, Fantuzzi, Brewster & Co and Officine Stampaggi Industriali – joining the EV Technology Group portfolio of strategic brands<\/em><\/p>\n Fantuzzi<\/strong> Marazzi <\/strong> Officine Stampaggi Industriali<\/strong> Brewster & Co<\/strong> In connection with the Acquisition, EV Technology Group issued a total of 1,950,000 common shares of the Company (the \u201cPayment Shares<\/strong>\u201d) to Mr. Mark Stubbs, the shareholder of the Target, and to PrivCap Group LLC in exchange for all of the issued and outstanding shares of the Target.<\/p>\n Wouter Witvoet, CEO of EV Technology Group said,<\/strong> \u201cThe completion of this Acquisition brings four incredible brands into our strategic portfolio. The legendary brands of Officine Stampaggi Industriali, Fantuzzi, Marazzi and Brewster & Co will sit alongside the MOKE as we work to develop the future of the electric vehicle industry – defined by well-loved brands.\u201d<\/p>\n EV Technology Group<\/strong> Media<\/strong> Investor Relations <\/strong>
\nFantuzzi was founded 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 during the 1940\u2019s and 1950\u2019s. Medardo went on to work for Ferrari until 1966, where he became known for building bespoke low-production performance cars including the Ferrari Tipo 156 \u201csharknose\u201d Fantuzzi, additionally working for De Tomaso, Scuderia Serenissima, AMS and Techno, emblematic designs that are still cherished today.<\/p>\n
\nMarazzi was founded by Carlo Marazzi and his two sons, Serafino and Mario in 1967, in Milan Italy. Marazzi first completed the Lamborghini 400GT 2+2 series, followed by a series of 125 Lamborghini Islero, and the first few of the Lamborghini Jarama. Then came the beautiful Alfa Romeo 33 Stradale.<\/p>\n
\nOfficine Stampaggi Industriali (OSI) was founded in 1960, by Luigi Segre, former president of Carrozzeria Ghia, and Arrigo Olivetti from Fergat. OSI was based in Turin Italy and was a short-lived company that produced custom built vehicles based on Alfa Romeo, Fiat and Ford. Although production was short, OSI made a lasting impression in the automotive industry, renowned for the conception of the 1960 Innocenti 950 Spider and the Ford 20M TS Coup\u00e9, few of which are still around today.<\/p>\n
\nBrewster & Company dates back to 1810, when James Brewster quickly formed a reputation as America\u2019s premier carriage maker. Brewster then went on to work on automobiles, with the first being ahead of the times with an electric car based on a gas-powered Delaunay-Belleville chassis in 1905. The Company was well-recognised in America as a supreme coachbuilder for a variety of vehicles, with an on-off relationship with Rolls-Royce. Brewster & Co paved its way in the bespoke vehicle industry, winning numerous awards.<\/p>\n
\nEV Technology Group was founded in 2021 with the vision to electrify iconic brands \u2013 and the mission to redefine the joy of motoring for the electric age. By acquiring iconic brands and bringing beloved motoring experiences to the electric age, EV Technology Group is driving the EV revolution forward. Backed by a diversified team of passionate entrepreneurs, engineers and driving enthusiasts, EV Technology Group creates value for its customers by owning the total customer experience \u2014 acquiring and partnering with iconic brands with significant growth potential in unique markets, and controlling end-to-end capabilities. To learn more visit: https:\/\/evtgroup.com\/<\/u><\/a><\/p>\n
\nRachael D\u2019Amore
\nrachael@talkshopmedia.com<\/a>
\n+1519-564-9850<\/p>\n
\nDave Gentry
\ndave@redchip.com<\/a>
\n+14074914498<\/p>\n