The sale was completed in January this year, after several months of negotiations between CPP and Bowler and the completion of due diligence process. The announcement comes after the company announced it has signed a Memorandum of Understanding to acquire the assets of the Spyker sports car business from its publicly-listed holding company, Spyker Cars NV.
“This acquisition is extremely positive news for fans and customers of Bowler vehicles. I have followed the brand closely for several years and am delighted to have the opportunity to take the Bowler brand to new heights on the basis of very exciting plans. I’m looking forward to working with Drew Bowler and the exceptionally talented team at Bowler to bring these plans to fruition. This development is another step in CPP’s strategy to grow as a collection of complementary specialist automotive businesses,” said Brendan O’Toole, managing director of CPP.
Development and engineering will still take place at Bowler’s current facilities in Belper, Derbyshire. Production, including that of the Nemesis EXR road-going variant from early 2012, will be transferred to CPP in Coventry.
The Bowler company was started by Drew Bowler in 1999 and produces its Nemesis high performance off-road racer, based on current Land Rover technology, to meet the FIA T1 specification for the World Cup Cross Country Championship. Several of their vehicles have been run by private teams in the grueling annual Paris-Dakar Rally.
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