International Speedway Corporation Expands Presence throughout Motorsports Industry.
International Speedway Corporation announced that it has entered into an agreement to acquire the assets of Racing Electronics.
Racing Electronics is a worldwide 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 for 14 major sanctioning bodies including ARCA, IndyCar, NHRA, World Racing Group, and USAC.
Racing Electronics’ signature products including LEGEND and FanVision, along with scanners, headphones and intercom systems, amplify fan engagement, bringing them closer to the racing action. With this, the fans can connect with their favorite drivers and become immersed in major national motorsports events.
Expanding the market
Beginning from January 1, 2019, ISC will assume operations of Racing Electronics. Leadership and nearly 70 full-time employees will remain intact with Racing Electronics President of Motorsports, Chad Willis would continue to play his existing role and report to Schwartz. Reportedly, Racing Electronics will maintain its manufacturing and business operations from its Concord, NC headquarters.
Chad Willis, President, Racing Electronics, stated, “We couldn’t be happier to join ISC as we celebrate Racing Electronics’ 30th year. 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.”
Chris Schwartz, ISC Managing Director, Broadcast and Integrated Marketing and VP, Motor Racing Network, stated, “Our companies share a team-driven culture consumed with developing new ways to enhance the fan experience. We see the Racing Electronics team continuing to play a key role as we expand our industry footprint.”