Gas Gas officially announces the agreement to purchase the shares of Vector Capital, a venture capital company of Banco Mare Nostrum (BMN), which controls 73.09% of Gas Gas Motos, S.A., by the company’s general management and an international group of investors. The agreement will be formalized in the coming weeks.
Within the development and consolidation plan that the brand began in 2008 and that was updated in 2012 , the need arose to incorporate new collaborators who, from this agreement, will provide knowledge in the sector as well as financial resources.
The company’s management and the new investors will buy BMN’s shares and invest €9 million over the next two years to carry out the 2013-2015 strategic plan, which will focus on the development of a new product range and the growth of new markets.
Another of the objectives set by the new shareholders is to strengthen the after-sales service, the brand image and the relationships with the end customer in order to consolidate Gas Gas’ position in the offroad sector.
As part of the company’s strategy, future acquisitions are not ruled out to help Gas Gas Motos, S.A. grow in the coming years.
Source: Gas Gas
Report on the history and all the models manufactured by Gas Gas here.
