Breaking news: @simonpagenaud signs with @penskeracing. #IndyCar

Team Penske announced today that Simon Pagenaud will join the outfit’s IndyCar squad next year after the French driver signed a “multi-year agreement.”

Pagenaud, 30, finished fifth in the 2014 point standings with two wins, one pole, three podiums finishes and eight top-fives. The move to a top team from the Schmidt-Peterson operation should make the hugely talented Pagenaud an instant title favourite.

“Getting a chance to race for Team Penske is almost like a dream to me,” said Pagenaud.

“I have always admired the team and everything that Roger Penske has accomplished in racing. I am so excited to become a part of Team Penske and I can’t wait for the 2015 season to start.”

Penske will field an impressive four-car lineup with reigning 2014 champion Will Power, 1999 CART titlist Juan Pablo Montoya, and three-time Indianapolis 500 winner Helio Castroneves.

Pagenaud has had much success in his career, winning the 2006 Champ Car Atlantic Series crown in his rookie season and took the 2010 American Le Mans Series sports car LMP1 title before moving to IndyCar in 2012.

“Simon Pagenaud is a very talented, focused and determined driver,” said owner Roger Penske.

“We know how tough he has been to compete with over the last few seasons and we are very happy to welcome him to Team Penske starting in 2015. With Simon coming on board to join Will, Helio and Juan, we feel we have four drivers very capable of winning on any given weekend and four guys who are legitimate championship contenders.”

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