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Tuesday, November 30, 2021

F1 helmet and racewear firm to grow to be publicly owned

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The Racing Power Group, which owns manufacturers together with Bell helmets, OMP, Zeronoise and Racing Spirit have filed an IPO (Preliminary Public Providing) on the inventory change to assist elevate funding for future development and diversification.

For almost 70 years Bell have been on the forefront {of professional} motorsport in each 4 and two-wheel classes, and right now, over half of the Method 1 drivers, together with Lewis Hamilton, Charles Leclerc and Nicholas Latifi, put on lids designed and manufactured by Bell Helmets.

In 2019 Bell Helmets was acquired by the Italian producer OMP, which has been a worldwide chief in motorsport security techniques and attire since 1973. Each companies now function beneath the group of firms often called Racing Power.

“These two historic manufacturers have a philosophy in security and efficiency,” says Paolo Delprato, chairman and CEO of Racing Power Group.

“By means of innovation now we have been in a position to receive success in motorsport and with the event of the youthful Zeronoise and Racing Spirit manufacturers this public providing provides us an ideal alternative to extend the expansion of our firm.”

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OMP was based in 1973 and has been a number one motorsport producer in security, tailoring merchandise for automobiles – resembling roll bars, seats, steering wheels, harnesses and hearth extinguisher techniques – along with changing into a longtime supplier of security attire for drivers, together with fireproof overalls, gloves and sneakers.

OMP have a protracted custom in supporting champions resembling Ayrton Senna, Michael Schumacher and the Mercedes staff in F1 and Sebastien Ogier and Tommi Makinen within the World Rally Championship.

By means of the partnership with communication techniques Zeronoise, the Racing Power firm has efficiently returned to the WRC this yr with its bespoke open-face Bell helmet and built-in two-way radio intercom.

“The partnership of our manufacturers has been extremely profitable because of our know-how and expertise within the enterprise of motorsport,” says Delprato. “However we need to proceed to develop, not solely by growing our market share within the motorsport tools enterprise however to increase into different areas the place security and efficiency are basic.”

 

As a part of the corporate’s public itemizing, Racing Power have been engaged on a analysis and growth diversification programme. Their newest asset to the world of motorsport has been the ‘Drivers’ Eye’ micro digicam.

After being pioneered in Method E, it was first debuted by Fernando Alonso in August’s Belgian Grand Prix and was seen once more in the newest spherical of the World Endurance Championship. The Drivers Eye is only one instance the place Racing Power is starting to increase its information into different sectors of the business.

“We at the moment are talking with different collection who’re all for utilising this expertise to supply dwell broadcasting from the angle of the motive force, because of the positioning of the micro digicam contained in the helmet,” says Delprato.

“No person else was in a position to develop this degree of expertise as a result of they didn’t have the expertise with reference to security and dealing with an FIA homologated system. Bell Helmets are the one examples on the planet to have this new characteristic.”

With the 4 manufacturers – together with the approach to life attire collections impressed by motorsport, Racing Spirit – the Racing Power Group of firms are primarily based throughout three continents and have greater than 400 workers made up of 30 totally different nationalities. In complete Racing Power has over 2,000 merchandise which it sells in 80 nations and plans to increase into new territories and throughout different disciplines of the game.

“An investor will clearly see there’s a vibrant future for this firm as we proceed to penetrate into established markets, work on the diversification of our merchandise and proceed to have gross sales like now we have already witnessed in 2021 – 50 per cent up within the first a part of the yr,” says Delprato.

“Our firm is rising quickly and with the IPO we have already got curiosity from a number of worldwide firms, so this milestone in Racing Power’s historical past is an thrilling time and guarantees to yield a profitable future.



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