Mercedes-AMG to buy stake in MV Agusta
MV Agusta has announced an alliance with high-performance automaker Mercedes-AMG.
An announcement on October 31 stated that Mercedes-AMG, the high-performance branch of Mercedes-Benz, will acquire a 25 percent share in Italian motorcycle manufacturer MV Agusta.
“MV Agusta and Mercedes-AMG are a perfect brand fit,” said MV Agusta president and CEO Giovanni Castiglioni, “Mercedes-AMG will help MV Agusta to further expand globally and to accelerate our growth. The uniqueness of MV Agusta will further enhance Mercedes-AMG’s leadership in the high-performance segment.”
MV Agusta has experienced double-digit growth over the last five years, and will be launching new models at the upcoming EICMA motorcycle show, including the Turismo Veloce 800, the firm’s first touring bike.
The deal is pending approval from the relevant authorities, and is expected to be completed in late November.
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