RSM’s Corporate Finance team has advised on the sale of the MoTeC Group to Bosch for an undisclosed sum.
MoTeC is an Australian-based provider of motorsport technology and solutions. It has a network of 250 authorised dealers worldwide and an office in the UK in addition to its headquarters and research centre located in Croydon, Victoria.
MoTeC has strong ties with almost every motorsport racing category across the globe.
Glyn Yates, RSM Australia National Head of Corporate Finance, said: “The outcome was a great result for both parties and an example of the strong level of deals activity still occurring in the mid-market”.
Phil Morris added: “I am delighted that the MoTeC brand and its Australian legacy will continue to thrive under Bosch’s ownership and that customers around the world will continue to benefit from the technical knowledge and expertise of MoTeC’s dedicated and experienced staff who are the engine room of the business”.