Renault Group and Dumarey Group signed an agreement Thursday, Oct. 22, for Dumarey to acquire Alpine Racing SAS, a deal Reuters reported is expected to preserve 150 jobs at the French motorsport operation. The companies say the entity’s employees would transfer to Dumarey if the acquisition is completed.
The agreement covers Alpine Racing SAS, its teams and the tangible and intangible assets needed to run the Viry-Châtillon site. The companies presented the proposal to employee representatives at an extraordinary Works Council meeting on Thursday. The joint announcement did not specify a headcount; Reuters reported the figure of 150 jobs.
The transaction still requires employee consultation and regulatory approvals, the companies said. They did not give a completion date. Reuters reported that financial terms were not disclosed.
The proposed acquisition concerns the Viry operation, not Alpine’s Formula One team. Renault and Dumarey said Alpine Racing SAS is separate from Alpine Racing Limited, based in Enstone, United Kingdom, which encompasses the BWT Alpine Formula One Team’s F1 activities.
Dumarey says the acquisition would support its expansion into motorsport and help it build expertise in high-performance powertrains, electrification and advanced testing. The companies said Viry’s Formula One engineering experience could open opportunities to work with racing teams. Dumarey Group Chairman and Founder Guido Dumarey said the company wants to preserve the site’s engineering expertise and create opportunities for growth.
The proposal follows Alpine’s September 2024 announcement that Formula One activities at Viry, excluding development of a new engine, would continue through the end of the 2025 season. Alpine also outlined plans for Hypertech Alpine, an engineering center for work including a future Alpine supercar, batteries, electric motors and other motorsport programs. The next steps for the proposed transfer are employee consultation and regulatory review; no closing date has been announced.
