Horacio Pagani S.p.A. (“Pagani” or the “Company”), as part of the ongoing growth strategy started over recent years, today announces a long-term strategic plan aimed at continuing its innovation path in the hypercars market and, at the same time, exploring new growth opportunities within the lifestyle segment, through the launch of Pagani Arte.
In accordance with this plan, Pagani is pleased to announce the signing of a long-term strategic partnership with the Public Investment Fund (“PIF”). The agreement envisages a long-term investment by PIF, which will become a minority shareholder of the Company on completion of the transaction which remains subject to customary conditions.
PIF, one of the world’s largest and most impactful sovereign wealth funds, is the economic engine of the Saudi Vision 2030, driving the diversification of Saudi Arabia’s economy. The agreement with Pagani is in line with PIF’s strategy through investing opportunistically in partnerships with strong international businesses.
Long-term strategic plan
Throughout the 20 years since the launch of its first model, Pagani has created iconic hypercars inspired by a no-compromise approach and a constant quest for excellence from both a technological and artistic standpoint.
A pioneer in the use of composites in the hypercars market, over time Pagani has extended its competences to the most sophisticated materials, such as state-of-the-art metal alloys, developing first-class engineering know-how which ultimately enabled the Company to fully design its hypercars, homologated on a global level.
Through its forward-looking strategy, the launch of new models and the continuous efforts in the expansion and enhancement of its commercial network, Pagani has built an extremely resilient business model, which remains solid also during challenging macroeconomic periods such as the 2008 global financial crisis and following the COVID-19 outbreak in 2020, which turned out to be another record year for the Company.
Today, Pagani approaches the next chapter of its growth path with a strong awareness of its positioning and unique competencies, and a long-term strategic plan that combines a further development of the core hypercar business and the launch of Pagani Arte.
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