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MarketScreener Homepage  >  Equities  >  Xetra  >  Williams Grand Prix Holdings PLC    WGF1   DE000A1H6VM4

WILLIAMS GRAND PRIX HOLDINGS PLC

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Williams Grand Prix Holdings PLC : The Williams F1 Team and Kemppi Upgrade Sponsorship Agreement

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02/20/2013 | 05:10am EDT

The Williams F1 Team is pleased to announce that it has signed an upgraded partnership with Kemppi, a world-leader in the manufacture of welding equipment.

Kemppi manufactures arc welding equipment.  Founded in 1949 by Martti Kemppi, the family run business has introduced many new innovations to the market over the past 60 years, serving industries such as shipbuilding, metal workshops and transportation.  Headquartered in Lahti, Finland, Kemppi has a global presence with subsidiaries in 15 territories and customers in more than 70 countries worldwide.

Kemppi first joined the Williams F1 Team's portfolio of partners in April 2012.  This upgraded agreement will see the Kemppi logo positioned on the front wing endplate of the Williams Renault FW35 and the sleeve of the drivers' overalls and team apparel.  Kemppi and Williams will also continue their technical cooperation which sees Williams benefit from Kemppi's expertise in welding equipment, by integration of products at the factory and races.

Speaking about the partnership Anssi Rantasalo, Chief Executive Officer of Kemppi, commented; "We've been supporting Valtteri for several years now and it's great to see him get the chance to show what he can do on the world stage this season.  It's also been a great honour for Kemppi to partner with one of the most successful teams in Formula One history and through this we will be hoping for more success for the Williams F1 Team this year.  Our relationship also encompasses a technology partnership and we are showing that our welding equipment can meet the stringent demands of Formula One".

Sir Frank Williams, Team Principal of the Williams F1 Team, added; "We're delighted that Kemppi, with their strong commitment to motorsport, have increased their commitment to the Williams F1 Team and look forward to building on our already strong relationship throughout the season".

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Capitalization 122 M
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NameTitle
Michael Patrick O'Driscoll Group Chief Executive Officer & Executive Director
Nicholas Charles Rose Independent Non-Executive Chairman
Doug Lafferty Chief Financial Officer & Executive Director
Paddy Lowe Executive Director & Chief Technology Officer
Mark Biddle Secretary, Executive Director & General Counsel
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