Italian private equity group Investindustrial has become a major shareholder in Aston Martin. Investindustrial, which used to own Ducati, won the bid ahead of Indian automaker Mahindra and Mahindra.

The deal will see Investindustrial putting £150 million (RM735 million) in AM in the form of a capital increase for a 37.5% stake in the company.

Aston Martin, currently owned by Kuwait’s The Investment Dar, said it intends to invest more than half a billion pounds in its new product and technology programme over the next five years. Production is set to remain at the luxury British marque’s global headquarters at Gaydon, Warwickshire, where it has a workforce of 1,600 employees.