Croatia’s Rimac has finalized its acquisition of Bugatti, securing complete control of the iconic French luxury vehicle manufacturer. The deal, completed through an investment consortium spearheaded by HOF Capital, involved the purchase of Porsche’s shares in both the Rimac Group and the joint venture, Bugatti Rimac. This takeover, initially revealed in April, signifies a major shift in the automotive landscape. Rimac, based in Croatia, has rapidly ascended as a key player in the electric hypercar market. The transaction consolidates Rimac’s position and opens new avenues for the future development of the Bugatti brand. Further details of the financial arrangements have not been disclosed, but industry analysts anticipate significant innovation. This move marks a historic moment for both companies and the automotive industry as a whole.