Formtech buy Super Aguri assets

A German tool design and construction company have bought up the fixed assets of Super Aguri which were sold on by the liquidators of the F1 team. Formtech, who manufacture high-precision parts for the automotive and F1 industries, will be using the ex-Super Aguri centre in Leafield to expand into the composite manufacturer and supplier market. The company will also be employing several of the Super Aguri staff.

“Formtech is pleased to be able to take advantage of this unique business opportunity,” Formetch s managing director Franz Hilmer said.

“With our plans of company growth and manufacturing expansion, the location at the Leafield Technical Centre enables us to establish a presence in an important geographical area for motorsport engineering.

“We shall be employing a number of ex-Super Aguri staff who are experienced in the field of composite design and manufacturing and make full use of the sites spacious facilities and up-to-date machinery.

“A further goal of Formtech is to attract suitable individuals and companies with aspirations of running their own motorsport team to purchase the F1 race equipment from Formtech.”