Mv Agusta, Sace and Banca Popolare di Milano (BPM) announced the finalization of a financing of 15 million Euros to support the objectives of growth abroad of one of the best known brand of Italian motorcycling.
The credit line, delivered by BPM and partially guaranteed by SACE, will serve to implement the business plan 2014-2018 of Mv Agusta, which provides, among other things, the expansion of its product range with the introduction of new models and penetration in high potential markets such as the US, Brazil and Southeast Asia. The funding follows the recent entry of Mercedes AMG in the capital of Mv Agusta with a share of 25 percent.
"We are proud to have taken part in this operation - said Giammarco Boccia, director of North-West area of Sace - claiming one of the brands most representative of Italian design and technology of success. We will continue to accompany Mv Agusta with our insurance and financial products in its development in the most promising foreign markets for the export of motorcycles. "
"Through this funding - said Luca Manzoni, Head of Corporate BPM - we want to offer further evidence of the confidence that BPM puts in Italian companies." "The support of two financial partners as BPM and Sace - said Giovanni Castiglioni, President of MV Agusta Motor Spa - is key to this decisive moment of growth of Mv Agusta. Also leveraging their unquestionable ability we can continue our successful development. "
Mv Agusta, historical reality of Italian motorcycling racing, since 1945 produces commercial motor vehicles and race for the segments Supersport, Superbike, crossover and sport-naked. Today is one of the most valuable brands in Europe in the field of motion of high and medium capacity, developed directly within the research center Castiglioni of San Marino, owned by the company. With an export share of approximately 80% of sales, today Mv Agusta sells its products in over 50 countries worldwide.
The credit line, delivered by BPM and partially guaranteed by SACE, will serve to implement the business plan 2014-2018 of Mv Agusta, which provides, among other things, the expansion of its product range with the introduction of new models and penetration in high potential markets such as the US, Brazil and Southeast Asia. The funding follows the recent entry of Mercedes AMG in the capital of Mv Agusta with a share of 25 percent.
"We are proud to have taken part in this operation - said Giammarco Boccia, director of North-West area of Sace - claiming one of the brands most representative of Italian design and technology of success. We will continue to accompany Mv Agusta with our insurance and financial products in its development in the most promising foreign markets for the export of motorcycles. "
"Through this funding - said Luca Manzoni, Head of Corporate BPM - we want to offer further evidence of the confidence that BPM puts in Italian companies." "The support of two financial partners as BPM and Sace - said Giovanni Castiglioni, President of MV Agusta Motor Spa - is key to this decisive moment of growth of Mv Agusta. Also leveraging their unquestionable ability we can continue our successful development. "
Mv Agusta, historical reality of Italian motorcycling racing, since 1945 produces commercial motor vehicles and race for the segments Supersport, Superbike, crossover and sport-naked. Today is one of the most valuable brands in Europe in the field of motion of high and medium capacity, developed directly within the research center Castiglioni of San Marino, owned by the company. With an export share of approximately 80% of sales, today Mv Agusta sells its products in over 50 countries worldwide.
From Sole24Ore