TZ Motorcycle News
07-11-2008, 10:19 AM
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Harley-Davidson has signed “a definitive agreement to purchase the Italian motorcycle maker MV Agusta Group,” according to a press release issued by the company. The deal will become official when it is approved by regulators. Harley is paying $109 million to acquire 100% of MV, also absorbing about $70 million in debt. Claudio Castiglioni, “will continue in a leadership role as Chairman and will play a major role in future product development. Design Chief Massimo Tamburini will continue his leadership of MV Agusta Group's world leading sport-bike design studio.”
More... (http://investor.harley-davidson.com/ReleaseDetail.cfm?ReleaseID=320957&bmLocale=en_US)
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Harley-Davidson has signed “a definitive agreement to purchase the Italian motorcycle maker MV Agusta Group,” according to a press release issued by the company. The deal will become official when it is approved by regulators. Harley is paying $109 million to acquire 100% of MV, also absorbing about $70 million in debt. Claudio Castiglioni, “will continue in a leadership role as Chairman and will play a major role in future product development. Design Chief Massimo Tamburini will continue his leadership of MV Agusta Group's world leading sport-bike design studio.”
More... (http://investor.harley-davidson.com/ReleaseDetail.cfm?ReleaseID=320957&bmLocale=en_US)