OIO Group Pursues German Engineering Platform with 75-Day Exclusivity for De Tomaso Programs
OIO•OIO Group entered a term sheet to acquire a German specialist automotive engineering and production platform, securing prototype development and low-volume manufacturing capabilities with a 75-day exclusivity for due diligence. Completion requires due diligence and approval but would deepen engineering and operations to support De Tomaso P72 and P900 programs.
1. Term Sheet Agreement
OIO Group has signed a term sheet outlining its proposed acquisition of a privately held German specialist automotive engineering and production platform. The agreement grants OIO Group a 75-day exclusivity period to conduct due diligence and negotiate definitive transaction documents.
2. Strategic Benefits
The target platform offers prototype development, specialist engineering depth and low-volume manufacturing capabilities, enhancing OIO Group’s capacity to execute high-performance vehicle programs. These capabilities align with the company’s aim to scale production of the De Tomaso P72 hypercar and upcoming P900 models.
3. Transaction Conditions and Timeline
Completion of the proposed acquisition hinges on satisfactory due diligence, definitive agreements, financing arrangements and corporate approvals. The 75-day window provides a structured timeframe for valuation review, negotiations and board sign-off before finalizing the transaction.
