British sports car maker Caterham has been bought by Team Lotus Enterprise - the same people behind the Team Lotus Formula 1 squad (but very definitely not the Hethel-based sports car manufacturer).
"The acquisition of Caterham Cars by Team Lotus Enterprise will not only signal the continued development of the legendary Seven," (says the press release from Team Lotus), "but will provide Caterham with the platform to apply its philosophy of 'adding lightness'" (we recognise that phrase from a certain Hethel-based sports car maker, too) "to exciting new models for the 21st Century."
But the change in ownership doens't mean a change of management - Caterham will still be headed up by the company's existing management team, topped by Caterham Cars Managing Director, Ansar Ali.
"Ansar's direction has been responsible for energising Caterham's export prowess during the last five years, creating the iconic Superlight R500 - Top Gear's Car of the Year for 2008 - and Caterham's first brand new model in 15 years, the stunning SP/300.R sports prototype racer," says the statement from Team Lotus.
Team Lotus lynchpin Tony Fernandes says: "Caterham has a unique place at the heart of the motoring world. As well as being proudly and staunchly British, it has an enviable and uniquely unblemished reputation within the industry for performance, handling and engineering excellence.
"Caterham Cars has remained wholly faithful to Colin Chapman's philosophy of 'less is more', and the DNA of the original Seven can still be traced to the newest additions to Caterham's product offering."
The first fruit of the new partnership between Caterham and Team Lotus will be a limited run of Team Lotus Special editions (pictured).
These can be applied to any Seven model and, for an additional £3k over the base model, the Sevens will be specially liveried in the famous green and yellow colours of Lotus and will come with a raft of bespoke Team Lotus additions.
Included in the upgrade package will be an invitation to a customised tour of the Team Lotus F1 factory in Hingham, Norfolk.