New four-cylinder MV platform to debut in 2018
Giovanni Castiglioni and Timur Sardarov back in full control
MV Holding, the holding company owned by Giovanni Castiglioni and the Sardarov family, a key Russian player in the production of oil and gas in East Europe and owner of ComSar Invest; an investment fund that is part of Black Ocean Group, has completed the acquisition of the 25% of MV Agusta Motor S.p.A. previously held by the automotive conglomerate Mercedes AMG.
The new shareholding structure of MV Agusta Holding, which now controls 100% of MV Agusta Motor S.p.A., will see ComSar Invest as a strong minority shareholder and GC Holding, the investment company of Giovanni Castiglioni, owning the controlling stake.
With the closing of the transaction, MV Holding owns 100% of iconic Italian motorcycle manufacturer MV Agusta Motor S.p.A.
MV Agusta completed an intensive restructuring process, both financially and strategically, led by a rationalization of its product pipeline and a consolidation of its positioning in the super premium segment of the market.
The turnaround that started at the beginning of 2016 shifted MV Agusta back to a positive result for the 2017 fiscal year thanks to the success of the new product range, first of all by the launch of the all new Dragster 800 RR, the company has raised the order portfolio higher than its estimated production.
After having completed the 3 cylinders models range, consisting of supersport, naked and sport touring bikes, MV Agusta is concentrating its future investments on the development of an all new 4 cylinder platform of which the first new innovative model will be launched during 2018.