HWA Racelab will replace Arden in the Formula 2 championship from 2020.

The Mercedes-affiliated team, who already compete in Formula E, Formula 3 and DTM, will enter F2 from next season taking over the BWT Arden team entry slot.

The team therefore extends its junior motorsport ladder to provide a support programme leading into Formula 1, something team boss Ulrich Fritz is naturally delighted to secure from 2020.

“We are looking forward to this challenge in another Formula series for young drivers,” Fritz, CEO of HWA AG, said. “Alongside our involvement in the FIA Formula 3 Championship, we are now also represented on the next level of the FIA Formula Pyramid, ensuring a continuous development of talented motorsport youngsters.

“It is also further evidence of the 360 motorsport expertise of HWA. From the promotion of young drivers and Formula E to the DTM and GT racing, we now cover an incredibly broad spectrum.”

“First of all, I would like to thank Gary Horner and everyone at Arden International for their involvement and hard work throughout the years,” Bruno Michel, CEO F2, added. “They have been with us since the beginning.

“I wish them many successes in their next endeavours. I would like to welcome HWA Racelab in Formula 2. They are a force to reckon with in motorsport and I am convinced that they will adapt quickly to our championship.”

Arden has been part of the F2 grid, and predecessor series GP2/F3000, since 1997 and was co-founded by Red Bull F1 team principal Christian Horner.