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Fortescue acquires UK firm linked to F1 team

Iron ore major Fortescue Metals Group has announced the £164 million acquisition of UK-based Williams Advanced Engineering, an offshoot of the Williams F1 team founded by the late Sir Frank Williams CBE.

Fortescue acquires UK firm linked to F1 team Fortescue acquires UK firm linked to F1 team Fortescue acquires UK firm linked to F1 team Fortescue acquires UK firm linked to F1 team Fortescue acquires UK firm linked to F1 team

Andrew Forrest and Julie Shuttleworth on an electric haul truck at FFI's headquarters in Hazelmere

WAE, a world-leading player in high-performance battery systems and electrification, will become part of FMG subsidiary Fortescue Future Industries.