MV Holding buys final shares previously held by Mercedes
MV Holding, the holding company owned by Giovanni Castiglioni and the Sardarov family, has acquired the 25 percent of MV Agusta Motor S.p.A. shares held by the automotive conglomerate Mercedes AMG.
With the closing of the transaction, MV Holding owns 100 percent of MV Agusta Motor S.p.A., the iconic Italian producer of motorcycles. MV Agusta completed an intensive restructuring process, both financially and strategically, led by a rationalization of its product pipeline and a consolidation of its positioning in the super premium segment of the market.
The turnaround that started at the beginning of 2016 shifted MV Agusta back to a positive result for the 2017 fiscal year thanks to the success of the new product range, including the launch of the all-new Dragster 800 RR. The company has raised the order portfolio for the bike higher than its estimated production.
After having completed the three-cylinder model range, consisting of supersport, naked and sport touring bikes, MV Agusta is concentrating its future investments on the development of an all-new, four-cylinder platform, the first new innovative models of which will be launched during 2018.
