GIRONA, Spain (13 January 2000) -- The Spanish motorcycle brand Gas Gas, specialized in sport off-road models and global leader of trial bikes, has received a capital injection of ESP1 billion (EUR6.01mn;US$6.14mn) from the investment group Excel Partners. In doing so, Excel Partners obtains a 35.5% share in the company, with the remaining interests in the hands of the co-founding families Pibernat and Casas.
The increase in capital enables Gas Gas to construct a new factory that will take the place of its current one. A modern facility will also allow Gas Gas to expand into new European and South American markets.
Gas Gas has plans to introduce new products in the near future, including quads, children's bikes and its own four-stroke engine that adhere to new market and environmental demands. (JCO)