Officially Official: Harley-Davidson purchases MV Agusta, Cagiva — Autoblog

24 Фев 2015 | Author: | Комментарии к записи Officially Official: Harley-Davidson purchases MV Agusta, Cagiva — Autoblog отключены
MV Agusta 500 SS
MV Agusta 500 SS

Officially Official: Harley-Davidson MV Agusta, Cagiva

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above for high-res gallery of the H-D Rod Special

Earlier rumors of an purchase by Harley-Davidson of Italian maker MV Agusta turned out to be as the American Motor Company has announced the deal today. The price for MV, which also Cagiva, is reported at about million, with $70 million of sum required to pay off MV’s debt. Castiglioni, who’s family had owned the company privately, remain on board and will as Chairman.

Castiglioni stands to an undisclosed sum in 2016 if he is able to certain stipulated profit

This new deal is an interesting one on a few First, HD already owns a brand, though its Buell plays on a very different than MV Agusta. The influx of from Harley should do for MV’s current range of and … bikes, and may allow a number of customers access to the Italian marque.

Consider the that Buell was a very player with a number of problems before the Motor stepped in and fixed the situation. the MV Agusta and Cagiva brands quite a strong legacy of quality machines and will instant credibility in Europe and to Harley’s sporting credentials. The press release is posted the break. Thanks to all who sent in !

[Source: Harley-Davidson]


Milwaukee, Wis. (July 11, — Harley-Davidson, Inc. HOG) today announced the of a definitive agreement to purchase the motorcycle maker MV Agusta (MVAG). Under the agreement, will acquire 100 percent of MV Group shares for total of approximately 70 million euros million), which includes the of existing bank debt for 45 million euros ($70

In addition, the agreement provides for a payment to Claudio Castiglioni in if certain financial targets are MV Agusta Group is privately with the Castiglioni family 95 percent of MVAG shares.

The is expected to close in several pending the satisfaction of contingencies and of regulatory approvals. Harley-Davidson to fund the transaction primarily euro-denominated debt.

MV Agusta Group has two families of a line of exclusive, premium, sport motorcycles sold the MV Agusta brand; and a line of motorcycles sold under the brand. MV Agusta’s F4-R powered by a 1078cc in-line liquid cooled engine, is at 190 hp. The company sells its products about 500 dealers worldwide, the majority of them in Europe. In MVAG shipped 5,819

During 2008 MVAG has slowed production due to financial

Motorcycles are the heart, soul and of Harley-Davidson, Buell and MV Agusta, Harley-Davidson, Inc. Chief Officer Jim Ziemer. Both great products and close with incredibly devoted

The MV Agusta and Cagiva brands are and highly regarded in Europe. are synonymous with beautiful, Italian performance motorcycles, said.

Harley-Davidson, Inc. to continue to operate MV Agusta from its headquarters based in Italy. Following closing, the priority will be to appoint a team to include a new Managing and to resume the manufacture of current

Current MV Agusta Group Claudio Castiglioni will in a leadership role as Chairman and play a major role in product development. Design Massimo Tamburini will his leadership of MV Agusta Group’s leading sport-bike design

We take enormous pride in MV and Cagiva motorcycles, said Our riders seek an uncompromising in premium performance motorcycles. And Harley-Davidson’s deep understanding of the as well as the business side of I have great confidence our motorcycles will excite for generations to come.

According to the acquisition is intended primarily to Harley-Davidson, Inc’s presence and in Europe, complementing the Harley-Davidson and motorcycle families. Retail of Harley-Davidson motorcycles have at a double-digit rate in Europe in of the last three years, as the has increased its strategic focus on markets.

The acquisition of MV Agusta will enhance Harley-Davidson, position as a global leader in customer dreams and providing customer experiences. We look to a long relationship with the MV and Cagiva families of customers and said Ziemer.

MV Agusta 500 SS
MV Agusta 500 SS

Conference Call

Harley-Davidson, will hold a webcast call regarding the acquisition 8:00 to 8:30 a.m. time) today, July 11, Tom Bergmann, Executive Vice and Chief Financial Officer, Inc. To access the webcast, log on and register at least ten minutes to the start time at, the Investor Relations section. A of the webcast will be available at the location approximately two hours the call concludes.


Harley-Davidson, Inc. is the parent for the group of companies doing as Harley-Davidson Motor Company Buell Motorcycle Company and Harley-Davidson Financial Services Harley-Davidson Motor Company heavyweight motorcycles and offers a of motorcycle parts, accessories, merchandise and related services. manufactures five families of Touring, Dyna®,Softail ®,

® and VRSC™. Buell premium sport performance and offers a line of motorcycle accessories, and apparel. HDFS wholesale and retail financing and programs primarily to Harley-Davidson and dealers and customers.


Harley-Davidson, Inc. intends certain matters discussed in release are forward-looking statements to qualify for the safe harbor liability established by the Private Litigation Reform Act of 1995. forward-looking statements can generally be as such because the context of the will include words as Harley believes, anticipates, plans, or estimates or words of meaning.

Similarly, statements that future plans, objectives, targets, guidance or goals are forward-looking statements. Such statements are subject to certain and uncertainties that could actual results to differ from those anticipated as of the of this release. Certain and uncertainties are described below.

potential investors, and other are urged to consider these in evaluating the forward-looking statements and not to place undue reliance on forward-looking statements. The forward-looking included in this release are made as of the date of this and Harley-Davidson, Inc. disclaims any to publicly update such statements to reflect subsequent or circumstances.

Although Harley-Davidson and MV Group have signed a purchase agreement, there is no that all of the contingencies will be or that the governmental approvals be obtained in a timely manner or at The proposed acquisition may not occur if the to completing the transaction are not satisfied in a manner.

In addition, Harley-Davidson intends to a portion of the consideration by borrowing and its level of indebtedness may increase as a which may cause Harley-Davidson to additional interest expense and Harley-Davidson’s ability to obtain financing. It could also Harley-Davidson’s exposure to general economic and industry conditions and impact Harley-Davidson, Inc.’s per share. Furthermore, Harley-Davidson may challenges successfully integrating or operating the business of MV Agusta .

MV Agusta 500 SS
MV Agusta 500 SS
MV Agusta 500 SS

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