The pair have bought the assets of Cosworth Ltd in the United Kingdom and Cosworth Inc in California. They confirmed that Cosworth engines will power the new Red Bull - formerly Jaguar - team in Formula One.
Kalkhoven says: "Cosworth has a truly wonderful heritage of engineering that we have great respect for. We want not only to continue on from that great tradition but also move into the future with new projects and new ideas. There are many new markets we want to develop."