MV Agusta Finally Part Ways With Mercedes-AMG!
MV Agusta are no longer affiliated with Mercedes-AMG…and about time too.
After a lot of speculation and months of uncertainty, we can now confirm that MV Agusta have finally parted ways with Mercedes-AMG. Depending on who you talk to, MV Agusta have been trying to free themselves of Mercedes-AMG for quite some time…or Mercedes-AMG have been trying to get rid of MV…but anyway, it’s all change for the Italians at the moment! , and Mercedes-AMG have sold their 25% investment in MV Agusta…with so much going on, it’s hard to know who owns who, or who owns what in the Italian motorcycle industry…
MV Agusta Part Ways With Mercedes-AMG
Mercedes-AMG have managed to sell their 25% share to ComSar Invest, which is a division of the. Mercedes-AMG and MV Agusta first partnered up back in 2014 but over the years the relationship between the two firms has soured somewhat – mainly thanks to the luxury sportsbike manufacturer’s numerous lawsuit issues and general production issues. That being said, MV Agusta’s CEO Giovanni Castiglioni has since put the courtesy of some investment from the Black Ocean Group, and a bit of company restructuring.
A statement from MV Agusta explained some of that restructuring: “The new shareholding structure of MV Agusta Holding, which will control 100 percent of MV Agusta Motor S.p.A., will see ComSar Invest as a strong minority shareholder and GC Holding, the investment company of Giovanni Castiglioni, owning the controlling stake.”
Mr. Castiglioni added: “The transaction with ComSar Invest in our holding company through a capital increase and the acquisition of the shares previously held by Mercedes AMG in MV Agusta Motor S.p.A., represents an important milestone for our plan which has as a main objective the reinforcement of MV Agusta core business: the production of high-performance, high end motorcycles. In the last 12 months the implemented measures, has brought MV Agusta back in positive cash flow generation, allowing to complete the restructuring plan and to consistently support product development and consolidation of our key markets.”
Timur Sardarov, the owner of the Black Ocean Group also commented: “We will focus our funding to reinforce MV Agusta sales network and service, and our knowledge in the technology fields, web and marketing to reach and enhance new markets, strengthen our digital and social presence enlarging MV Agusta’s consumer base.” It’s all seems like good news, and we wish only the best for MV Agusta…and we hope this time it works!