Team Lotus Enterprise acquires Caterham Cars

Team Lotus Enterprise has purchased British sports car maker Caterham Cars, in an acquisition that will see the lightweight sports car manufacturer expand its brand profile and product family.

The acquisition by Tony Fernandes, Kamarudin Meranun and SM Nasarudin, the men behind the Team Lotus Formula 1 squad, from the shareholder consortium led by Corven Ventures, will provide Caterham with the platform to apply its philosophy of ‘adding lightness’ to new models.