Flemish entrepreneur Guido Dumarey is acquiring the motorsport subsidiary Alpine Racing from French carmaker Renault, Belgian business daily L'Echo reports. The transaction hands the industrialist control over the facility that develops and builds Formula 1 engines.
Target set for a Belgian engine by 2029
Dumarey is tying this cross-border acquisition to a clear sporting and engineering ambition for Belgian industry. According to L'Echo, his primary goal is:
« faire rouler un moteur belge dans l'une des écuries de Formule 1 d'ici à 2029. »
Taking over Alpine Racing places a prominent Belgian investor directly inside the pinnacle of motorsport engineering, an arena historically driven by major multinational automotive groups.
Financial terms and team supply plans
The financial terms of the purchase agreement with Renault have not been disclosed by L'Echo. The report also does not identify which specific Formula 1 racing team is slated to use the Belgian-backed power unit by 2029. Further announcements regarding the operational integration of the site are expected as the transition proceeds.
