BMW ACQUIRES HUSQVARNA MOTORCYCLES20-07-2007Agreement signed between the italian [url=javascript:OpenZoomWindow('/upload/news/img/z_542_5.jpg','MV Agusta',500,513,'Close')]
[/url][url=javascript:OpenZoomWindow('/upload/news/img/z_542_5.jpg','MV Agusta',500,513,'Close')]
[/url]Varese, July 20th 2007 - BMW Motorrad acquires Husqvarna brand from MV Agusta Motor SpA. Claudio Castiglioni, President of MV Agusta Motor SpA, and Herbert Diess, BMW Motorrad General Director, have signed the agreemen yesterday July 19th in Varese. The contractual agreement will come into full effect upon final approval of the EU cartel authorities. Both parties agreed that the purchase price is to remain confidential. BMW Motorrad plans to continue operating Husqvarna Motorcycles as a separate enterprise. All development, sales and production activities, as well as the current workforce, will remain in place at its present location in Varese.
Press release available on: _vti_g2_nwArt.aspx?rpstry=26_&rfrsh=5543143&idnews=540