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    WILLIAMS ADVANCED ENGINEERING SOLD

    Jan 09, 2020 6 minutes

    Williams has agreed to sell a majority equity stake in sister company Williams Advanced Engineering to an independent private equity firm controlled by EMK Capital.

    Founded in 2011, WAE is the engineering services business of the Williams Group that owns the Formula 1 team. It currently employs over 300 people working in 40 different technology projects, of which around 20% are motorsport-based, including the Jaguar Formula E programme that is staffed by WAE employees.

    Williams said it will retain a minority interest in the company, best known as the sole battery supplier for the first generation of Formula E cars from its first season in 2014-15 until 2017-18.

    “We have rapidly grown WAE from an embryonic one-client start-up to a business with many clients in multiple sectors,” said Williams CEO Mike O’Driscoll.

    “The time is now right to sell a majority stake to enable WAE to further scale and develop its technologies. EMK Capital have a

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