Zagato
Centrostile, the Milano-based Italian automotive design
company responsible for designing some of the most beautiful
sports cars of the last century for companies such as Alfa
Romeo, Aston Martin, Bugatti, Bentley, Ferrari - Maserati,
Lamborghini, Jaguar and Rolls Royce today announce that
Autoline Industries Limited (India) has taken a significant
strategic stake in the company.
Zagato, as
part of the Autoline Group will offer ‘Art to Part
Solutions’ for automotive and transportation markets around
the world, leveraging its 300 person design-engineering team
and 10 manufacturing facilities in India and the United
States.
Commenting
on the move, Gopal Patwardhan, Executive Chairman of
Autoline said, "With Zagato joining our group, we now cover
the entire product development lifecycle, with volume
manufacturing and advanced engineering now combined with the
most exclusive Italian design."
Andrea
Zagato, Chairman of Zagato added, "The combination of the
latest finite element modelling and analysis technologies
from DEP Autoline, a subsidiary of Autoline Industries, with
Zagato's functional design philosophy represents a
significant development in our 90 year history. Evolving
from Aerospace design sensibilities, we were the first
company to adopt computer-aided design in the 1980's. The
combination with Autoline and its leading-edge design
processes will enable us to continue to offer the best of
Italian design with the most innovative software modelling
and analysis technologies available in the Automotive
industry today."
Duke
Equity Ltd. (Dubai) and Crescendo Capital (Geneva) acted as
financial advisors on the transaction signed at Carnelutti
Studio Legale in Milano.
Zagato
Centrostile (Total Design Centre)
Zagato,
founded in 1919, is one of the most prolific design houses
in the world. The company offers highly flexible styling,
modelling and prototype construction facilities to the
world’s leading automotive brands. The Company also works
with industry leaders in Aerospace, Marine and Railway,
including the Ferretti Group, Bombardier and CNH.
Autoline Industries Ltd.
Listed on the Bombay Stock Exchange, Autoline is an
integrated Design, Engineering & Manufacturing company,
focused on producing BIW (Body-in-White) complete sheet
metal welded assemblies and mechanisms. Autoline's US
subsidiary, DEP Autoline, develops Advanced Engineering
Solutions for mechanical design and analysis. In its most
recent fiscal year, the Autoline Group had sales revenue of
approximately USD100 Million.
