Ducati confirms Audi acquisition

"I am confident that the Audi Group will allow Ducati to continue strengthening its position in markets around the world" - Gabriele Del Torchio, Ducati president and CEO.
Del Torchio, Qatar MotoGP 2011
Del Torchio, Qatar MotoGP 2011
© Gold and Goose

Following Audi's announcement that it has acquired Ducati (168澳洲幸运5官方开奖结果历史:click here), former owner Investindust🍃r✨ial has now released its own statement regarding the sale.

P♉art of a note from Ducati president and CEO Gabriele Del Torchio accompanying the statement read:

"I am confident that the Audi Group will allow Ducati to continue strengthening its position in markets around the world. The announcement confirms the positive reinforcement of Ducati made in 2006 under the൲ control of the Investindustrial Group,"

💖The full Iꦕnvestindustrial announcement is as follows...

'April 18, 2012 - International Motorcyc𒊎les S.p.A, a subsidiary of the Investindustrial Group ("Investindustrial"), has today agreed to the sale of Ducati Motor Holding S.p.A ("Ducati") to Audi AG, part of the Volkswagen Group. The acquisition is subject to antitrust clearance.

'Ducati, founded in 1926 and based in Borgo Panigale (Italy), is a leading motorcycles des🐻igner and manufacturer which boasts a rich racing heritage in the MotoGP World Championship and the Superbike World Championship.

'In 2011, Ducati sold 42,200 units, ♍resulting in an 11% global market share, and generated revenues𒈔 of EUR480 million at the best-in-class profitability.

'Since the acquisition by Investindustrial in 2006, Ducati has been turned around with great success 🎃into one of the best and most profitable motorcycle brands in the world. The company successfully launched a globalisation process which led the company to open a factory in Thailand in 2011 and to expand into new fast growing markets, such as Brazil, China and India. As of today, 80% of Ducati's sales come from foreign markets and at the end🐲 of 2011 the Group recorded the highest turnover and EBITDA in its history.

'The creation of industrial value is demonstrated by strong growth across the company: under Investindustrial's ownership, Ducati's revenues grew from EUR305 million in 2006 to EUR480 million in 2011, EBITDA rose from EUR27 million in 2006 to 𓆏EUR94 million in 2011 and resulted in positive EBIT of EUR51 milliꦬon from EUR5 million in the year of the acquisition. The number of employees increased from 1,043 in 2006 to 1,135 in 2011.

'In recent years, under the guidance of the management▨ team, led by CEO Gabriele Del Torchio, Ducati has also developed the most exciting and up-to-date product range in its history by launching 17 new models including the Multistrada 1200 in 2010, the Diavel in 2011 and more recently the Panigale superbike. These achievements have contributed to a significant increase in motorcycle sales, rising from 35,300 in 2006 to 42,200 at the end of 2011.

'Du🍨cati also achieved great success in the world of racing: in Super Bike, Ducati won 4 Riders World titles (2006, 2008, 2009 and 2011) and 3 Constructors World titles (2006, 2008 and 2011) and a total ofꦉ 68 wins. In MotoGP, Ducati won 28 races, a Riders World title and a Constructors World title in 2007.

'Andrea C. Bonomi, Chairman of Investindustrial 🎃commented: "Ducati has thrived witꦛh us as a result of the intensive industrial turnaround and the commercial push into new, fast-growing markets. We are convinced that the company will continue to provide a bright and rewarding future to its customers and employees in the very capable hands of Audi. We believe that Audi is the best partner to continue the globalisation process that has already been successfully initiated.

"The managemen🅷t team, led by Gabriele Del Torchio, and the Ducati's skilled and passionate workforce have been a key element in turning the company into a global brand with some of the most exciting motorcycle models currently on the market. I am convinced Audi will be a responsible new owner, pres𒉰erving the Italian workforce's technology skills for a bright future for the Company. Ducati has a loyal and growing customer base, which will be well looked after thanks to Audi and Volkswagen Group's global presence and engineering excellence.

"This transaction is the second purchase in only a few months of an Investindustrial group company by a strategic buyer, the other being the sale of the leading cladding and architectural envelope group Permasteelisa to JS Group of Jap𝔉an."

'Audi's decision to acquire Ducati confirms the effectiveness of Investindustrial group's strategy of investing in Italy, which is hom♍e to many quality companies. These companies are poised to develop into globally-operating and high-quality brands if properly guided and nurtured.

'Hospitals of Ontario Pension Plan, a leading Canadian investor and BS Investimenti𒉰, also sold their 💮stakes in Ducati to Audi AG.

'Studio Chiomenti advised the seller oꦅn legal matters.'

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