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The Mercedes-AMG Petronas Formula One Team and global manufacturer INEOS have signed a new five-year partnership agreement. The agreement sees INEOS extend its existing performance partnership to become principal partner of the team.
This deal will see Mercedes-Benz Applied Science (MBAS) working with INEOS’s sports division to tackle technological challenges and identify ways to improve performance. The INEOS logo will be featured on the 2020 Mercedes-AMG Petronas Formula One car.
“The Mercedes team is a leader in global sport and has consistently shown that it is at the forefront of technological innovation and human performance,” said Sir Jim Ratcliffe, founder and chairman of INEOS. “Strengthening our partnership with Mercedes-AMG Petronas will allow us to identify and unlock even greater performance gains across the wider INEOS sports family.”
Toto Wolff, team principal and CEO of the Mercedes-AMG Petronas Formula One, added: “This new partnership is an important cornerstone of our future plans in Formula One. It once again serves to demonstrate the attraction of the sport for ambitious, global brands with a long-term vision for success.”