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Big City backer for Pinzgauer
Page 18
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• Automotive Technik, the fast-expanding Surrey-based manufacturer of the Pinzgauer range of military and emergency-service light trucks, has entered a new financial partnership and revamped its management structure.
Close Brothers' Venture Capital Trust division will bring major investment to the company, with a new board of directors headed by non-executive chairman Victor Gauntlett, best known for his previous management of Aston Martin and the Pace and Proteus fuel companies.
The two engineers who originally set up ATL, David Findlay and Alan Mawer, will also join the new board, together with two Close representatives.
All began by importing and supporting Pinzgauer before acquiring the global rights to produce the vehicles in the UK from Steyr-Puch of Austria. The first examples of the Euro-3 Pinzgauer, with a version of Volkswagen's five-cylinder TDI engine replacing the old LT-based six-pot, are now leaving the Guildford factory; the first batch is going to the Royal Navy All intends to greatly increase the UK content of Pinzgauer as supply contracts are renewed.