David Mountain, the founder of Mountune, together with a group of experienced industry investors, has announced the acquisition of the Mountune Performance and Racing business, a move which he says safeguards a large number of jobs at the Essex-based facility.
According to Mountain, the new-look Mountune will continue to deliver racing engines and road car performance hardware and software, while at the same time addressing the issues Mountain admitted the company has faced in recent years, particularly through the downturn of recent months.
“It’s widely recognized that the success of the road car group, predominantly, led to a situation where the demand was outstripping the previous business’s ability to supply and support our customers. Covid-19 simply served to compound the problem further,” Mountain said. “It gives me enormous pleasure to be able to secure the brand both now, in its 40th year, and for the future. We can’t wait to get back to supplying and supporting our customers and dealers properly and also embracing new technologies that will enable us to take Mountune forward for decades to come.”
While Mountune will be returning to business as usual, there will also be an eye to the future, with Mountain and the investment team stating they are keen to bring their expertise and relevant knowledge to bear in the pursuit of next-generation powertrain technology development, including electric vehicles.
Formerly part of a global group structure, together with businesses in the USA, the new UK setup is now completely independent, which, said Mountain, means it is once again able to solely focus on racing and performance operations from its UK facility in the county of Essex, enabling it to operate more efficiently. “We want to get back to what we do best – making power!” Mountain enthused. “Whether that be for our race teams, or for road car customers that like to enjoy their cars to the full every day.”
Over the next few months, the Mountune team stated it will deliver an aggressive plan to realign stock levels to meet customer expectation, refresh the in-house installation capability and release a variety of performance products to help reaffirm the brand’s position as the market-leader in the aftermarket segment.