K1 Speed, an Irvine, CA-based indoor electric kart racing brand, acquired Capital Karts, a provider of an indoor go karting track in the UK, based in London.
The amount of the deal was not disclosed.
The acquisition of Capital Karts will empower K1’s growth of indoor electric go karting across the UK and Europe.
Capital Karts specialises in professionally designed go-kart race tracks and a fleet of karts that offers go-karting sessions along with video recording and time tracking systems. Currently, it has one venue in central London (Canary Wharf) and three additional venues under development across Central London (Vauxhall), Birmingham and Glasgow, set to open by the end of 2024.
Founded by David and Susan Danglard in 2003, K1 Speed aims to bring European-style electric kart racing to North America. The platform’s 92 kart racing centers span 30 states and 8 countries as of May 2024. Its entertainment concept operates racing centers that feature electric karts, which provide safety, performance and environmental benefits over traditional gas-powered models. The brand appeals to a broad consumer base, including men and women of all ages, and targets arrive-and-drive customers, private parties and corporate events.
In addition to electric karting, K1 Speed centers offer food and beverage options through its onsite Paddock Lounge concept, racing simulators, arcade games, race gear, racing leagues and championship events.
FinSMEs
13/05/2024