20 August 2020
Luxury niche vehicle manufacturer David Brown Automotive has sold a controlling stake in its business at Silverstone Park to UK Advanced Industrials Limited (UKAI). David Brown, who founded the company in 2013, will remain involved as a Company Director and Brand Ambassador.
David Brown Automotive has experienced significant growth and success over the past seven years, initially launching the Speedback GT ‘grand tourer’ model followed by the smaller, iconic Mini Remastered in 2017.
That same year the company located to new 18,000 sq ft state-of-the-art manufacturing facilities at Silverstone Park – constructed by estate developer MEPC as part of a lather 125,000 sq ft industrial scheme.
The move completed a rapid period of investment and expansion for the business under the control of David Brown and his experienced management team.
Now, with UKAI’s investment, 2020 will herald the beginning of an exciting new future for the business including the next stage of its expansion and further consolidation as one the UK’s most exciting small automotive manufacturing brands.
David Brown commented: “I am delighted that we can announce this significant step in securing David Brown Automotive’s future as a major player in the low-volume, specialist car market.
“I am so proud of what we have achieved in so few years, and that is testament to my management team and all those involved in the business.
“We have fantastic products that appeal to a global audience, but we also have aspirations for continued growth and a desire to launch exciting new projects.
“UKAI’s investment, experience and extended group capability will underpin that and will be key to our future success.”
UKAI’s Group CEO is Richard Westley, founder and CEO of Fablink, the UK-based manufacturing group that supplies metal pressings, structures and vehicle assemblies to the automotive sector.
He said: “We are thrilled to have completed this deal in what is currently a challenging environment, especially for the UK automotive industry.
“We feel that we can add significant value through our knowledge, experience and extended network of related businesses, not only from a manufacturing and supply chain standpoint but from a business development perspective, too.
“We’re looking forward to working with Michelle Gay, Sales & Marketing Director, and her team and will continue to build upon all of their hard work as we look to develop the exceptional customer experience that has become synonymous with David Brown Automotive since the brand’s creation, back in 2013.”