Audi set to buy Ducati for $1.1 billion — Autoweek

20 Апр 2015 | Author: | Комментарии к записи Audi set to buy Ducati for $1.1 billion — Autoweek отключены
Ducati 60

Audi set to buy Ducati for $1.1

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News wire reports in on Tuesday said Audi is to buy Ialian motorcycle maker from owner Investindustrial for $1.1 billion (860 euros).

Audi has reached an with Investindustrial to buy the maker of motorbikes, with VW’s board set to approve the deal on said a person familiar the details, who declined to be identified the private negotiations.

Audi and Investindustrial declined to At that price the deal, debt, would value at about seven times year’s earnings before taxes, depreciation and amortization.

total liabilities are less $262.7 million (200 euros), buyout firm said last month.

Chairman Ferdinand Piech, who 75 on Tuesday, has long coveted the publicly expressing interest in Ducati in April 2008 eventually losing out to Investindustrial.

The purchase will make the 11th brand in VW’s alongside supercar marques and Bugatti and heavy-duty truck Scania AB and MAN SE.

Ducati is one of the finest you can buy but strategically it’s insignificant for said Christoph Stuermer, a analyst with IHS Automotive. Its is more than Lamborghini’s and combined, but to the automotive operations, a mere accessory.

Ducati 60

Ducati would complement luxury-car lineup with such as the $28,000 Superbike Panigale S Tricolore and expand the competition with BMW. makes BMW and Husqvarna motorcycles.

which last year about 42,000 motor had revenue for 2011 of $630.3 (480 million euros).

For Volkswagen, the deal would an entry into the motorcycle and gaining another asset in after buying Lamborghini and Giugiaro. Piech has also interest in the past in Fiat’s Romeo brand.

Hero Ltd. India’s biggest maker, had also expressed in Ducati after Investindustrial it known in February that it to sell the company. Daimler on Tuesday that it’s not in acquiring Ducati.

Ducati, which was founded in sells the Superbike, Monster, Hypermotard, Multistrada and the new Diavel in 65 countries. Over the past 60 it has won 17 manufacturer’s World Championship most recently winning the World Superbike Championship

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Ducati 60
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