• OIO Group entered a term sheet to acquire a privately held German specialist automotive engineering and production platform.
• Term sheet includes binding provisions on exclusivity, confidentiality, cooperation, transaction process.
• Deal talks now move into a 75-day exclusivity period for due diligence and negotiation of definitive documents.
• Closing remains subject to due diligence, valuation review, definitive agreements, financing, conditions precedent, board approval.
• Target focuses on specialist engineering, prototype development, low-volume production for performance and specialty vehicles, supporting De Tomaso P72 and P900 programs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OIO Group published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605130700PRIMZONEFULLFEED9719253) on May 13, 2026, and is solely responsible for the information contained therein.