Harley Davidson is buying MV Agusta and Cagiva

Harley Davidson is buying MV Agusta and Cagiva

 

Harley Davidson buys MV Agusta and Cagiva

By Angus Farquhar -

General news

 11 July 2008 12:35

Harley Davidson is buying motorcycle manufacturers MV Agusta and Cagiva in a massive £56 million (70 million Euro) deal.

The MV Group is currently owned almost entirely by the Castiglioni family with Claudio Castiglioni at the helm but the deal will see ownership move to Harley Davidson while Claudio Castiglioni stays on as chairman.

The man responsible for the styling of many of the most iconic MV’s in recent years, Design Chief Massimo Tamburini, will stay on in his current role so we should see plenty more drool-worthy bikes from the Italian firm.

The deal is expected to be closed in a few weeks time, as long as there are no regulatory problems, and the first priority for Harley Davidson is to get production back up to speed after it slowed in recent months when MV Agusta started to have financial problems.

Check out the next page to see the full press release