Fate N/A Key people Hutomo Mandala Putra Founder Tommy Suharto | Defunct N/A Products Supercar development Founded 1993 | |
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Former type Joint-owned corporation Headquarters Indonesia (registered in Bermuda) Parent organization Consul Neowatt Power Solutions Pvt Ltd | ||
Megatech is a Bermuda-registered company that pursued the development of various supercars. It is jointly owned by Hutomo (Tommy) Mandala Putra, the youngest son of President Suharto of Indonesia, and Mycom Setdco, a Bermuda-based subsidiary of Mycom Bhd.
In 1994 it purchased the Lamborghini brand for $40 million. It then sold it to Audi AG in 1998 for $110 million. It also caused the closure of Vector Aeromotive in 1993, when the company attempted a hostile takeover at the expense of Vector founder Jerry Weigert.
References
Megatech (Indonesian company) Wikipedia(Text) CC BY-SA