H-D Completes Purchase of MV Agusta
H-D completes purchase of MV Agusta
The Motor Company has acquired 100% of MV Agusta Group shares for approximately 70 million euros (US$108 million) which includes the elimination of an existing 45 million euro (US$69 million) bank debt.
We are thrilled to welcome the MV Agusta family of customers and employees into the Harley-Davidson family of premium motorcycle brands, says Jim Ziemer, chief executive officer of Harley-Davidson, Inc. Our primary focus with this acquisition is to grow our presence and enhance our position in Europe as a leader in fulfilling customers dreams, complementing the Harley-Davidson and Buell motorcycle families
Harley-Davidson has appointed Matt Levatich as managing director of MV Agusta Group. Levatich had previously worked in various positions in Harley-Davidsons sales and marketing team and was most recently vice president and general manager of parts and accessories and custom vehicle operations.
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