Back in November 2014, beleaguered Italian motorcycle manufacturerMV Agusta Motor S.p.A. found itself on the receiving end of a huge lifeline when Mercedes-AMG acquired a 25 percent interest in the company. Just before the 2014 holiday season, MV Agusta got another break when it secured a €15 million loan from SACE and Banco Popolare di Milano (BPM). According to a statement issued by SACE, the line of credit MV Agusta received was issued by BPM and guaranteed by SACE, allowing MV Agusta to move forward with its foreign growth plans, specifically its intension to gain traction in “high-potential” markets like the USA, Brazil, and Southeast Asia.
The loan credit is the second infusion of funds MV Agusta will receive after Mercedes’ purchase of a share of the company. At the very least, it should give MV Agusta enough funds to see its short-term projects through, a timeline identified as falling between 2014 and 2018.
The company’s plan to expand its product range into “high-potential” markets and the subsequent loan granted by SACE and BPM wouldn’t have been possible without the transaction with Mercedes. In effect, that got the ball rolling for MV Agusta. With the support and financial stability provided by the German automaker, the Italian bike brand can focus its attention on strengthening and reinforcing its presence in the US market through a stronger dealership network and customer service support.
In a lot of ways, this is unchartered territory for MG Agusta, which has had to navigate around tough circumstances since the re-acquisition of the Castiliogni family from Harley-Davidson back in 2009. The company still has a long ways to go before it can return back to its relevancy, but now that it has some kind of investor confidence, MV Agusta can finally get its house in order and move forward without having to worry about any potential financial insecurities.
Click past the jump to read more about Mercedes-AMG’s 25-percent acquisition of MV Agusta.
MV Agusta Secures Loan From BPM and SACE, Product Expansion In The Works originally appeared on topspeed.com on Tuesday, 6 January 2015 19:00 EST.
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