MV Agusta Back in Italian Hands

As we reported in late 2009, Harley-Davidson announced its intentions of selling the MV Agusta brand while revealing its third quarter financial results. The American manufacturer was then revealing that, alongside killing the Buell brand, this will allow it to switch focus on its own brand. Now, the news that MV Agusta and Cagiva have been returned to the rightful owner for less money than the original sale, surfaced.

While everybody was waiting to see who will be the next owner of the brand that has created some of the most sought-after motorcycles in the world, Claudio and Giovanni Castiglioni, through their family holding company, have repurchased from Harley-Davidson 100% of the shares of MV Agusta Motor S.p.A.

The company will be headed by Giovanni Castiglioni and Massimo Bordi, a 62 year old engineer who contributed to Ducati’s success while being owned by the Castiglionis and continued to manage it successfully under the ownership of Texas Pacific Group.

"MV Agusta has full capacity to once again become a major player in the high luxury brand motor bikes, this brand is one of the most recognized worldwide. We will implement a number of reorganization and managerial actions in the near future. Both the current and new models under development have a very strong character, great innovative features and a very unique design, I have no doubts about their future success," Massimo Bordi said in a release.

"MV Agusta is the crown jewel of Italian motorcycles, I am thrilled to have completed this transaction. I have already won once together with Massimo Bordi, we made the most beautiful bikes in the world and we will continue with this tradition," said Claudio Castiglioni, the who will continue as chairman and focus on the development of the new products.