{"id":962025,"date":"2026-05-13T07:16:32","date_gmt":"2026-05-13T11:16:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/oio-group-enters-into-term-sheet-for-proposed-strategic-acquisition-of-german-specialist-automotive-engineering-and-production-platform\/"},"modified":"2026-05-13T07:16:32","modified_gmt":"2026-05-13T11:16:32","slug":"oio-group-enters-into-term-sheet-for-proposed-strategic-acquisition-of-german-specialist-automotive-engineering-and-production-platform","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/oio-group-enters-into-term-sheet-for-proposed-strategic-acquisition-of-german-specialist-automotive-engineering-and-production-platform\/","title":{"rendered":"OIO Group Enters into Term Sheet for Proposed Strategic Acquisition of German Specialist Automotive Engineering and Production Platform"},"content":{"rendered":"

\nProposed transaction would strengthen specialist engineering, prototype development and low-volume production capabilities to support De Tomaso P72 and P900 execution
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HONG KONG, May 13, 2026 (GLOBE NEWSWIRE) — OIO Group (NASDAQ: OIO) today announced that it has entered into a term sheet in relation to the proposed acquisition of a privately held German-based specialist automotive engineering and production platform. OIO Group believes the proposed transaction would strengthen its specialist automotive engineering, production and execution capabilities in Europe.<\/p>\n

The term sheet contains certain binding provisions relating to exclusivity, confidentiality, cooperation and the transaction process. The term sheet provides OIO Group with a 75-day exclusivity period to conduct due diligence and negotiate definitive transaction documents. Completion of the proposed acquisition remains subject to due diligence, valuation review, definitive agreements, financing or funding arrangements, conditions precedent and final approval by OIO Group\u2019s board of directors. The parties will proceed with due diligence and continue negotiating definitive transaction documents during the exclusivity period.<\/p>\n

The target platform is associated with specialist automotive engineering, prototype development, low-volume production and related technical capabilities serving performance and specialty vehicle applications in Europe. OIO Group believes these capabilities are closely aligned with its strategic direction and would support the scaling and execution of the De Tomaso P72 and P900 programmes.<\/p>\n

\u201cAccess to the established German engineering and low-volume production platform represents an important strategic step for OIO Group as we continue building out our specialist automotive capabilities,\u201d said Norman Choi, Chairman and Chief Executive Officer of OIO Group.<\/strong> \u201cThe proposed transaction would strengthen our engineering depth, prototype capability and operational infrastructure while supporting the continued execution of the P72 and P900 production roadmap. We believe this opportunity aligns closely with our long-term strategy of building a portfolio of distinctive operating businesses and strategic automotive assets.\u201d<\/p>\n

\n OIO Group views the proposed transaction, if completed, as strategically aligned with its broader specialist automotive platform strategy for the following reasons:<\/strong>\n <\/p>\n