Gas Gas, the Spanish motorcycle manufacturers started in 1985 by Narcís Casas and Josep Pibernat, have revealed that 73.09% of the companies shares have been purchased by the firms general management and an international group of investors. Vector Capital, a venture capital society of Banko Mare Nostrum (BMN) – a Spanish financial institution founded in 2012 – previously owned all 73.09% of the Gas Gas shares.
According to Gas Gas the buying of the shares will ‘further the development and consolidation of the brand that began in 2008 and that was updated in 2012.’ The new partners will provide knowledge in the sector as well as financial resources.
Based on the agreement, the new investors and the general management will buy the shares of BMN and will invest nine million euros in the next two years to carry out the 2013-2015 strategic plan, which will focus on the development of a new range of products, and the growth into new markets.
Another of the objectives set by the new shareholders is to enhance the customer after-sales service, the image of the brand and the relationship with the end customer to consolidate the position of Gas Gas within the off-road sector.
As part of the company’s strategy, future purchases might be made to help the growth of Gas Gas Motos, S.A. in the coming years.