Williams agrees sale of Williams Advanced Engineering stake
Williams has announced it has agreed to sell a majority equity stake into sister company Williams Advanced Engineering.
Founded in 2011, WAE is the engineering services business of the Williams Group that owns the Formula 1 team. It employs over 300 people working in 40 different technology projects.
The stake will be sold to an independent private equity firm controlled by EMK Capital.
Williams said it will retain a minority interest in the WAE business.
WAE was the sole battery supplier for Formula E from its first season in 2014 until season four in 2018.
"We have rapidly grown WAE from an embryonic one client start-up, to a business with many clients in multiple sectors," said Williams CEO Mike O'Driscoll.
"The time is now right to sell a majority stake to enable WAE to further scale and develop its technologies. EMK Capital have a proven track record of success which will enable WAE to take advantage of these emerging opportunities and realise its full potential."
Craig Wilson, WAE's managing director added: "Williams Advanced Engineering has developed a strong reputation for providing energy-efficient advanced performance solutions to a diverse range of sectors and blue-chip clients.
"This expertise and our technologies in areas such as electrification, lightweight structures, aerodynamics and precision manufacture will become even more relevant and in-demand globally going forward.
"This new ownership structure will enable WAE to take advantage of these emerging opportunities and comes at a pivotal moment allowing us to further invest in new areas of capability and technologies in order to realise the full potential of the business."
Share Or Save This Story
Alpine becomes Pramac's main partner in MotoGP
Liberty Media's $4bn MotoGP deal facing EU probe
Ocon wants answers to understand pace slump against Alpine team-mate
Williams tipped for "huge step" forward at Azerbaijan GP with major upgrade
Carlos Sainz accuses Fernando Alonso of provoking a penalty "like always"
How Fernando Alonso scored ninth at Zandvoort - and how Alex Albon lost a similar payday
F2 bulks up Baku schedule with extra feature race – is this a clue for F1’s future?
Nico Rosberg stunned by Kimi Antonelli's "unbelievable" maturity in 2026 F1 title fight
Why McLaren won’t blame F1 race control for lost Spanish GP victory
Williams tipped for "huge step" forward at Azerbaijan GP with major upgrade
Why Lando Norris doesn’t buy George Russell’s driving style theory
How Kimi Antonelli is proving unbeatable, even when he's beaten
How Norris unfurled a surprising - and "unrepeatable" - Spanish GP pole lap
Audi’s long road back to the top of grand prix racing
Subscribe and access Motorsport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.
Top Comments