EXCLUSIVE – Kyosho buys Team Orion
Following on from what we had heard earlier in the week, we can now confirm to you that the 2nd announcement to be made by Kyosho is that they have purchased Team Orion. From what we hear the deal means that the Japanese company now owns Team Orion Europe, Japan and USA, and we presume Peak Motors too, and that they also now own the CRF engine project. Our source in Japan also confirmed that they saw a group photo being taken which included Joel Johnson (head of Kyosho USA), Masayuki Suzuki (president of Kyosho) and Philippe Neidhart (former owner of Team Orion) which would suggest that all 3 will be involved in some way within the new companies. We hope to bring you the official release when we get it.
Categories - CRF, Industry, Kyosho, Peak, Products, Team Orion
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1. Bart_Banaan - May 18th, 2007 at 19:26
I think this places Kyosho back on the second spot as biggest RC manufacturer in the world. They lost the second place a time ago when Thunder Tiger and Team Associated became one company, but I think this places Kyosho back on No.2 after Tamiya….
2. RC-Racing NI - May 18th, 2007 at 19:52
Kyosho buys Team Orion…
Kyosho have announced that they have purchased Team Orion. It looks like the deal means that the Japanese company now owns Team Orion Europe, Japan and USA, and I presume Peak Motors too, and that they also now own the CRF engine project. Red RC’…
3. Automodelismo.es todo en Coches y Autos R/C » Kyosho se hace con la reconicida marca Team Orion - May 19th, 2007 at 07:29
[...] Mas Informacion: http://www.redrc.net/2007/05/exclusive-kyosho-buys-team-orion/ [...]