Mercedes-AMG buys 25% share in MV Agusta

We told you a couple of days back about Daimlers interest in buying a stake in MV Agusta and today the company announced that Mercedes-AMG has acquired a 25 percent stake in the Italian motorcycle manufacturer.

The transaction price has not been disclosed as yet but speculations run amok that it could be a €30 million deal was done between the two parties. Mercedes-AMG and MV Agusta will have a long-term relationship which will include cooperation in the areas of marketing and sales.

The deal will be finalized towards the end of next month and Mercedes-AMG has announced they will appoint one member in MV Agusta's board of directors. Tobias Moers, Chief Executive of Mercedes-AMG GmbH said "In MV Agusta, we have found the perfect two-wheel partner for Mercedes-AMG which will provide an entry into the world of additional high-performance enthusiasts."

Giovanni Castiglioni, President and CEO of MV Agusta Motor S.p.A. declared that "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."