Red Bull Australia has secured naming rights with Triple Eight Race Engineering, having agreed key commercial terms for the team’s sponsorship in a multi-year deal.

The agreement comes after the recent announcement by Vodafone that it will not be renewing its sponsorship at the end of this year, bringing to an end a six-year association with the team.

Roland Dane, Managing Director of Triple Eight is pleased to have the settled the deal.

“We are thrilled by the prospect of Red Bull becoming our naming rights partner from 2013 and are confident that the deal will be finalised in the coming weeks.”

Jason Sargent, Managing Director of Red Bull Australia is looking forward to teaming up with the defending V8 Supercar champions.

“Given Red Bull's successful history in motorsports, we are very excited to form a partnership with Australia's leading motorsport team.”