Thirteen months after completing the Axial, ARRMA, Team Durango takeover, Hobbico have again swooped in – this time in aid of HPI’s North American presence - HPI USA. Through close sources NeoBuggy understands that Hobbico have reached an agreement with HPI USA to purchase all stock, thus keeping the company from going bankrupt. We also understand that further staff reductions and lay offs will take place as the company is restructured and slimmed down to only keep Research & Development and marketing departments in the US, a move to smaller office premises are also expected as of March 1st 2013. According to our sources the deal is limited to HPI USA and does not relate to HPI EU or Japan.
Some readers may recall the news of HB driver Jesse Robbers pulling out of the 2012 Worlds in December last year, initially moving to California to work full time designing for HB in February 2012 only to be let go ~ 9 months later along with several other HPI USA employees – the first public warning signs.