Fortescue to buy Williams Advanced Engineering for £164 million

Julian Buckley International Editor, Power Progress

25 January 2022

Australian mining company Fortescue is to buy the battery and technology division of the Williams Formula One racing team for £164 million ($222 million).

UK-based Williams Advanced Engineering (WAE) is owned by EMK Capital and Williams Grand Prix Engineering.

The goal of the deal is to help Fortescue Metals to…

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