The famed Norton motorbike brand is back in British hands after nearly 15 years of US ownership.
UK-based businessman Stuart Garner said he has bought back all trademarks and development work relating to Norton bikes in a multimillion-pound deal.
The owner of Norton Racing said the company was already developing a new rotary-engined race bike and it planned to launch a new road bike next year.
He said his company is planning to build a 15,000 sq ft factory and office complex at Donington Park in Leicestershire.
"This has been a challenging and exciting period for us," he said. "We are proud to have brought the brands back home and we now intend to focus on re-establishing Norton as a premier motorcycling brand across the world."
In the early nineties the brands were bought by Norton Motorcycles in the USA with the view of developing a new Commando road bike for the US market.
The company's investment of $10 million (£5.8 million), which forms part of the new deal, can now be brought to bear on the new global project for the Norton Commando 961.
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