K1 Speed's acquisition of Capital Karts will
power the growth of indoor electric go karting across the UK and
Europe
LONDON, May 9, 2024 /PRNewswire/ -- K1 Speed, Inc. ("K1
Speed"), the premier indoor electric kart racing brand, today
announced the acquisition of Capital Karts, the fastest indoor go
karting track in the UK, based in London. This significant acquisition enables
K1 Speed to continue to accelerate its growth and become a key
player in the UK and Europe.
K1 Speed was founded by David and Susan Danglard in 2003. In
over 20 years, the industry pioneers opened K1 Speed's first
location in Carlsbad, CA and have
successfully scaled the business to 92 racing centers across 30
states and 8 countries as of May
2024. The US-founded company continues to make significant
investments to expand its global footprint and the latest
acquisition of Capital Karts will further bolster K1 Speed's
plans to grow its go karting business in Europe.
David Danglard, CEO and President of K1 Speed said, "We
have been focused on aggressive growth for K1 Speed in the last
year, and Susan and I are proud of the milestones the business has
achieved across the US thus far. We're thrilled to expand our
business into the UK and Europe
and to achieve the dream of becoming a global motorsports
powerhouse."
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,
Capital Karts 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.
With the added value provided by K1 Speed, there are large
expansion plans in progress across several countries in
Europe.
In the last year, K1 Speed has made significant investments in
the US including the acquisition of Autobahn Indoor Speedway
("Autobahn"), Accelerate Indoor Speedway ("Accelerate"), Speed
Raceway, Tampa Bay Grand Prix, Speed Circuit, and Free Minds
("Freem"). The company is doubling down on its expansion across the
US in tandem with new locations underway in Europe. K1 Speed has 10 US locations in
development and is expecting to have 100+ locations open globally
by year-end.
About K1 Speed
K1 Speed is the premier indoor electric kart racing brand. The
family-owned business was founded by David and Susan Danglard in
2003 with the goal of bringing 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. K1 Speed's unique
entertainment concept operates racing centers that feature electric
karts, which provide superior 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.
For more information about K1 Speed, visit www.k1speed.com
For more information about K1 Circuit, visit
www.k1circuit.com
For more information about K1 RaceGear, visit
www.k1racegear.com
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