Korus completed the acquisition of a majority stake in Kart Republic.

Korus, Italian motorsport holding platform, completed the acquisition of a majority stake in Kart Republic, an Italian kart manufacturer and competitive racing team brand. Financial terms were not disclosed. “We are living a historic moment for our companies and for Italian motorsport. What began in 2017 with Tatuus and ATM reaches today a new stage of growth and recognition thanks to the arrival of companies that not only embody the spirit with which this holding was created, but are also established leaders in both racing and karting. Thanks to major investments in the karting sector, we are now creating the only organization in the world capable of building a bridge between karting and open- and closed-wheel racing – a strong and revolutionary connection, grounded in the solid foundations of our Group’s shared projects, engineering excellence, and the talents that drive them every day.” Giovanni Delfino, Korus CEO.