Audi won’t be the only German automaker with an Italian motorcycle manufacturer
After being bounced around between multiple owners since 2004 — including Malaysian automaker Proton and American motorcycle manufacturer Harley-Davidson — MV Agusta has found a new savior from Germany.
Mercedes-AMG and MV Agusta have come to an agreement for the former to purchase a 25 percent stake in the latter. Mercedes-AMG will also appoint a member to the board of MV Agusta.
“In MV Agusta, we have found the perfect two-wheel partner for Mercedes-AMG. This manufacturer with a long tradition and Mercedes-AMG are connected not only by a long and successful racing history, but also by shared values and goals for the future – allowing the experience of utmost perfection, optimal performance and motorsport technology for the road,” said Tobias Moers, Chief Executive of Mercedes-AMG.
This is now the second Italian motorcycle manufacturer to be purchased, either in whole or part, by a German automaker. Audi purchased Ducati in 2012 for $1.12 billion USD.
Financial details of the Mercedes-MV Agusta deal were not disclosed.