OIO Group has entered into a term sheet relating to the proposed acquisition of a privately held German-based specialist automotive engineering and production platform, marking a potential strategic expansion of the Group’s specialist automotive capabilities in Europe.

The proposed transaction would strengthen OIO Group’s engineering, prototype development and low-volume production capabilities, supporting the continued execution and scaling of the De Tomaso P72 and P900 programmes.

The target platform is associated with specialist automotive engineering, prototype development and low-volume manufacturing for performance and specialty vehicle applications. OIO Group believes these capabilities are closely aligned with its long-term strategy of building a portfolio of distinctive automotive businesses and strategic assets with strong engineering depth and operational capability.

Under the terms of the agreement, OIO Group has been granted a 75-day exclusivity period to conduct due diligence and negotiate definitive transaction documents. Completion of the proposed acquisition remains subject to customary conditions, including due diligence, valuation review, financing arrangements and final board approval.

Norman Choi, Chairman and Chief Executive Officer of OIO Group, said:

“Access to an established German engineering and low-volume production platform represents an important strategic step for OIO Group as we continue building out our specialist automotive capabilities. We believe this opportunity would strengthen our engineering depth and operational infrastructure while supporting the continued execution of the P72 and P900 production roadmap.”

Further updates will be provided as discussions progress.

Investor Relations Contact:

OIO Group Investor Relations Department
Email: investors@oio.io