Team Lotus Enterprises has expanded its motorsports base by acquiring Caterham Cars, an investment group led by London-based Corven Ventures. Terms of the deal were not disclosed.
Both makers trace their heritage back to Colin Chapman, the founder of Lotus Cars, the British sports car company – with which there are no current ties.
“Caterham has a unique place at the heart of the motoring world. As well as being proudly and staunchly British, it has an enviable and uniquely unblemished reputation within the industry for performance, handling and engineering excellence,” said Lotus chief Tony Fernandes, who also owns Air Asia.
To celebrate the new deal, Caterham plans to produce a limited run of 50 Team Lotus Seven club racers bearing the team’s green and yellow colors.