Overview
- The takeover was announced Friday at the Catalan Grand Prix, confirming a full purchase of Tech3 by a consortium led by Steiner.
- From 2026 Steiner will become CEO and Richard Coleman will be team principal, with founder Hervé Poncharal leading through 2025 before moving into a consultancy role.
- Operations remain intact as the team keeps the Tech3 identity, KTM machinery, its French base and staff, with Maverick Viñales and Enea Bastianini retained under existing contracts.
- The transaction is valued at just under €20 million, with funding led by IKON Capital and the athlete-backed Apex fund reported among the investors.
- Reporting indicates promoter assurances over Tech3’s grid slots beyond next year and that the purchase also includes the Moto3 outfit, with some terms not disclosed publicly.