The engine building alliance between Team Menard and Red Bull Cheever Racing, known as Menard Cheever Technologies, has acquired the U.K based TWR Engines, the engine design arm of Tom Walkinshaw's TWR empire.

MCT co-owners John Menard and Eddie Cheever confirmed that they have bought the company that build Cheever's Infiniti IRL engines last year, on Wednesday despite the much publicised financial troubles of Walkinshaw's group and the collapse of the Walkinshaw owned Arrows Formula One team. TWR Engines was an independent part of the TWR Group.

The move reinforces the company's intention to become a worldwide leader in the design and supply of engines, vehicles and associated technology. It is also expected to help the teams try and eke more power of their current Chevrolet Indy V8 engines, which have so far found to be lacking against Honda and Toyota.

"This is a big step for the technical company Eddie and I formed last year," John Menard said. "The resources and knowledge of the workforce at TWR Engines opens the door to a great number of new business opportunities. We look forward to continuing, and building upon, the excellence they have achieved in the motorsports and automotive industries."

TWR Engines will now be named MCT, U.K. and will be based out of its existing facility in Kidlington, Oxfordshire, England. Service to current and future customers will be provided from this U.K. facility as well as the expanded MCT facility in Indianapolis.

Charlie Bamber will continue to lead the group as General Manager of MCT, U.K.

"The passion for success and forward vision of John Menard and Eddie Cheever will provide the perfect leadership to the technical expertise of this group," Bamber said. "MCT is positioning itself as an independent vendor able to provide a complete, and confidential, in-house solution to its customers. The company will be backed by an experienced staff that has a 25-year history in this specialist field."

TWR Engines specializes in the accelerated development of race-winning components, systems, and engines through the use of leading edge technologies and a full-service in-house facility. In its 25-year history the company has designed engines that have won multiple championships in open-wheel, Group C Sportscars and touring car racing in Europe and Australia.