Bicester, UK: Brabham Group Limited (BGL) and Fusion Capital, the majority shareholder, sole funder, and operator of the Automotive company that bears the famous Brabham name, announce that after six years of collaboration, the arrangement has now come to an end. The decision to end the relationship was made after careful consideration and what was in the best interests of all parties and the Brand.
The venture between the two companies enabled the group to design, build and sell high performance Brabham vehicles on a worldwide exclusive licence. The company’s global launch in 2018 at Australia House London introduced the beautiful Brabham BT62 high performance track car to the world’s media, ex-Brabham F1 drivers and VIP guests. The highlights of the BT62 and BT63 consisted of lap records at Bathurst Mount Panorama and Phillip Island, pole positions and race victories in Europe.
David Brabham – Director of Brabham Group Limited
“While it is regrettable that our relationship with Fusion Capital has come to an end, the collaboration helped further evolve ‘Brabham’ to a new and exciting future. With the brand licence for Automotive ended, it opens the doors for future business ventures in the Motorsport, Automotive and Heritage sectors. I would personally like to thank everyone who contributed and supported to this project over the years.”
Mat Fitch – Chairman of Fusion Capital
“Ultimately the strategic direction of both groups did not align – that happens. My family and I have invested in automotive and manufacturing for over 40 years and we will continue to do so with what we have created in the last 6 years. Powertrains are evolving and the opportunity to challenge the mainstream OEMs has never been greater. What we have created provides the perfect platform for the future.”
