Advertisement: Howard Group mid banner
Advertisement: S-Tech mid banner 3
Mid banner advertisement: BDO
ARM Innovation Hub
Barr Ellison Solicitors – commercial property
Advertisement: RSM
Advertisement – Charles Stanley mid banner
CBM light up lives mid banner advert
Advertisement: Kao Data Centre mid banner
Advertisement: EBCam mid banner
Advertisement: Hewitsons mid banner
RealVNC mid banner careers
Advertisement: Simpsons Creative
Advertisement: TTP
Advertisement: Mogrify mid banner
Advertisement: EY Mid banner
Advertisement: Cambridge Network mid banner
Advertisement: Wild Knight Vodka
6 December, 2006 - 15:56 By Staff Reporter

Autonov signs £1.35m contract

Norfolk-based driveline specialist, Antonov plc, has signed a £1.35 million agreement with Emporio International Sarl for the exclusive German distribution and commercialisation rights of its AMM Technology and Supercharger drives.The agreement covers the resale of Antonov’s 2-Speed Supercharger drive system to tuning companies and dealers and a sales agreement for Emporio to seek licensees for this and other AMM (Antonov Mechanical Module) applications such as the 2-speed Front End Accessory Drive.

Under the terms of the agreement, Emporio will pay a total of €2m (£1.35m) over the next 18 months for the exclusive access to the German market.

The start of payments is linked to the satisfactory completion of the production testing.

This is scheduled to be complete in March 2007.

In addition to its existing contacts within the German performance and tuning sector, Emporio will make its own investment in developing the market through sales and marketing allied to investment in application engineering for the Antonov technology.

Add new comment

Newsletter Subscription

Stay informed of the latest news and features