Ed Carpenter Racing and Sarah Fisher Hartman Racing have announced a merger to create a multi-car IndyCar entity from next year.

The new team, to be known as CFH Racing, will comprise two single-car teams based at the current Fisher Hartman Racing headquarters near the Indianapolis Motor Speedway.

The organisations will merge this offseason, with a number of details – including personnel, sponsors and, most pressingly, engine suppliers – to be announced ‘in the near future’. Ed Carpenter Racing currently uses Chevrolet engines, while Fisher’s outfit, which is co-owned by US businessman Wink Hartman, runs on Honda technology.

Ed Carpenter Racing was established in 2012 and has notched three wins in 2014. Team owner and driver Carpenter formed his own team having raced for Fisher’s team in 2011.

Fisher, meanwhile, created her team in 2008 and was the youngest woman ever to compete in the Indianapolis 500 and first woman to run a full IndyCar Series schedule.

No financial terms were announced.

“I am very excited about this new opportunity to merge Ed Carpenter Racing with Sarah Fisher Hartman Racing in CFH Racing,” said Carpenter. “We had success together in 2011 and have always had a great relationship. It doesn’t seem like it was that long ago that we won our first race together at Kentucky Speedway.

“The merger of the two teams is a big-picture plan,” added Fisher. “At the nucleus of all parties, there is a lot of synergy that has great potential for the future. Working with Ed, and capturing that first win, was a foothold in our team, and I look forward to the many more that will come as a result of bringing all the parties together.”