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Porsche acquires majority share in Manthey-Racing GmbH
Successful cooperation with racing team strengthened
Stuttgart
. Dr. Ing. h.c. F. Porsche AG has acquired a 51 percent stake in Manthey-Racing GmbH, thereby further strengthening its long-standing, successful cooperation with the racing team. Manthey-Racing GmbH specialises in developing and racing Porsche track cars, but also delivers all manner of services relating to the road cars from Zuffenhausen. Founded by Olaf Manthey in 1996, the company is headquartered in Meuspath, directly by the Nürburgring, and currently employs 40 full-time staff. Its many successes in the world of motorsport include eight titles in the Porsche Supercup, five overall victories in the Nürburgring 24-hour race and two in Le Mans. Since 2013, Manthey-Racing supports the Porsche factory entry at the sportscar world championship WEC. "I am certain that this move puts us in an even stronger position to tackle the challenges of the WEC and I look forward to working ever more closely with Olaf Manthey, Nicolas Raeder and Martin Raeder", explains Wolfgang Hatz, Member of the Executive Board Research and Development at Porsche AG.
Following his company's merger with Raeder Automotive GmbH, this investment from the sportscar manufacturer promises a great future for Olaf Manthey and his team at the Döttinger Höhe. "Porsche's commitment and dedication represents the best possible incentive to our employees", states Manthey. "Not only can we pool our knowledge and expertise, but with Porsche at our side we can look forward to the future with great confidence".
GO
12/16/2013
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