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Williams cashes in with hybrid power sale
– Williams has today announced the ‘multi-million pound’ sale of Williams Hybrid Power Limited to GKN Land Systems Limited. “GKN has agreed to purchase the whole of the issued share capital of Williams Hybrid Power Limited from Williams’ subsidiary, Williams Grand Prix Engineering Limited,” read a statement to the press. “Under the terms of the transaction, Williams Grand Prix Engineering Limited will also receive additional consideration based on future sales and licences of the flywheel energy storage technology transferred with Williams Hybrid Power to GKN.” Williams Hybrid Power has been majority owned by Williams Grand Prix Engineering Limited since 2010, and is a...
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11y ago from GPUpdate.net
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