Campos Racing is to join the GP3 Series in 2015, after agreeing to take over the championship entry held for just one year by Hilmer Motorsport. Hilmer will continue to compete in GP2 next season in association with the Sahara Force India F1 team.

"I am pleased to welcome Campos Racing to the GP3 Series," said Bruno Michel, the CEO of the series. "I'm convinced that thanks to their expertise they will adapt quickly to GP3 and will work hard over the winter to be fully prepared for a busy season."

Adrian Campos' team returned to GP2 at the start of 2014. It had previously been in the inaugural line-up for the feeder series' maiden year of competition in 2005, and went on to win the team championship in 2008. However the team bowed out in 2009 after Campos sold his stake to Alejandro Agag, who used it to establish the Barwa Addax team.

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"They have shown their pedigree in GP2 and I'm sure they will be a great addition to the GP3 grid," Michel said of Campos Racing. He added, "I would like to take this opportunity to thank Franz Hilmer and his GP3 outfit for their hard work which will continue in GP2 next season."

Hilmer had stepped in at short notice earlier this year to take over from Russian Time, which was forced to scale back its racing operations after the death of founder Igor Mazepa in February 2014.

"We struggled a lot with our GP3 team which we took over quite late, just some weeks before the start of the season," admitted team principal Franz Hilmer. "It made things more difficult for us in every way.

"It has been a difficult year for Hilmer Motorsport in GP3 and I would like to thank everyone who was involved in the GP3 project for their dedication, hard work and effort.

"Following in-depth discussions with Bruno Michel, he informed me that Adrian Campos was potentially interested to run a GP3 Team with Campos Racing," Hilmer continued. "I know Adrian very well as we have been friends for years; therefore we found an agreement very fast.

"We would like to thank Bruno Michel and the GP3 Series for their support this year and we wish the new owners Campos Racing the best of luck for the future."

"I am very happy that we will participate in the GP3 Series for 2015," responded Adrian Campos, who competed as a driver in 17 Grand Prix races with Minardi in the 1980s and who later founded the F1 team that eventually went on to participate for three seasons under the name HRT between 2010 and 2012.

"I would like to thank Bruno Michel for giving us this opportunity," said the 54-year-old Spaniard. "Campos Racing will now compete in in two of the most competitive Series' worldwide with GP2 and GP3 next season."