DAYTONA BEACH, Fla. -- International Speedway Corporation has entered into an agreement to acquire the assets of Racing Electronics based in Concord, NC., both companies stated in a joint written statement.
Racing Electronics is known worldwide as a leader in motorsports communications technology and equipment for motorsports drivers, teams, series, venues, and fans, as well as the exclusive provider of FanVision technology to NASCAR and NHRA. Racing Electronics is also the Official Two-Way Radio and Race Communications Provider of 14 major sanctioning bodies including ARCA, IndyCar, NHRA, World Racing Group and USAC.
“Our companies share a team-driven culture consumed with developing new ways to enhance the fan experience,” said Chris Schwartz, ISC managing director, broadcast and integrated marketing and VP, Motor Racing Network, when the acquisition agreement was announced earlier this month. “We see the Racing Electronics team continuing to play a key role as we expand our industry footprint.”
Racing Electronics’ signature products including LEGEND and FanVision, along with scanners, headphones and intercom systems, are described as amplifying fan engagement, bringing them closer to the racing action. where fans can connect with their favorite drivers and become immersed in major national motorsports events including NASCAR, NHRA, IndyCar and World Racing Group.
“Our companies share a team-driven culture consumed with developing new ways to enhance the fan experience,” said Chris Schwartz, ISC managing director, broadcast and integrated marketing and VP, Motor Racing Network, when the acquisition agreement was announced earlier this month. “We see the Racing Electronics team continuing to play a key role as we expand our industry footprint.”
Racing Electronics’ signature products including LEGEND and FanVision, along with scanners, headphones and intercom systems, are described as amplifying fan engagement, bringing them closer to the racing action. where fans can connect with their favorite drivers and become immersed in major national motorsports events including NASCAR, NHRA, IndyCar and World Racing Group.
Beginning Jan. 1, ISC will assume operation of Racing Electronics. Leadership and its nearly 70 full-time employees will remain intact. And Racing Electronics President of Motorsports Chad Willis will continue in his role while reporting to Schwartz. Racing Electronics will maintain its manufacturing and business operations from its Concord, NC headquarters.
“We couldn’t be happier to join ISC as we celebrate Racing Electronics’ 30th year,” Willis said in a prepared statement.“ISC’s recent redevelopment projects at Daytona International Speedway, Richmond Raceway and ISM Raceway, demonstrate its ability to transform the race day experience for fans. We are excited to become part of this progressive Company.”