Mercedes-AMG, the sports car and performance brand of Daimler AG, has agreed to acquire 25% of Italian motorbike
manufacturer MV Agusta. Although no financial details were revealed, Mercedes will appoint a member to Agusta’s board of directors. The two also signed a cooperation agreement for a long-term partnership involving sales and marketing. The deal comes a few days after Close Brothers Motor Finance agreed to be Agusta’s exclusive finance partner in the U.K., where the bike maker currently has eight dealers.
—Courtesy Motor Finance
