Luxury carmaker Audi plans to announce the acquisition of Ducati next week,the German car giant had put the bid to Andrea Bonomi, the owner of the Investindustrial, the private equity firm which controls about 70% of the legendary bike manufacturer since a takeover in 2008 and is looking to double its money.The other stake holders include Red Borgo Panigal with 20% and the bottom Canadian Hospitals of Ontario Pension Plan about 7%. Earlier many buyers were in race to buy Ducati including Hero Motocorp and Mahindra from Indian contingent but now it seems Audi has almost made it .
One of the sources said that Ducati's main shareholder, Italian buyout firm Investindustrial, agreed to talk with Audi exclusively and the buyout could be announced as early as 18th April .
Volkswagen, Audi and Investindustrial declined to comment.
A successful deal would extend Audi's long-standing rivalry with BMW to superbikes, and add expertise about high-revving light engines to VW's engineering portfolio, which ranges from cars through heavy trucks to ship engines.
This is not the first attempt that Volkswagen has made for Ducati's acquisition , in 2005 they tried to buy Ducati from Texas Pacific Group but then it was acquired by Investindustrial. The potential acquisition will make Volkswagen brand portfolio to twelve including Audi.
Ducati, founded in 1926, has won 17 manufacturer's World Championship titles over the past 60 years, most recently the 2011 World Superbike trophy.
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2 comments:
I have some information about duccati.Ducati has been in the motorcycle game since 1950 and the Italian marquee has a reputation for building stylish, high-performance machines. One of those early efforts was the 125cc Grand Prix racer with the “Desmo” valve operating system launched in 1956 that was reliable up to a ten-shocking 15,000 rpm! Ducati’s list of sought after designs is long, but 916 (released in 1994) and MH900e SportClassic (released in 2000) are two fine examples of Italian motorcycle sex appeal. Even current models like the attainable Monster family, the versatile Multistrada and the truly ridiculous Desmosedici are some of the most sought after in the industry.
But if Audi is buying it.Then it has some thing inside.I have an latest update about a car which is going to launch in India.
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Chevrolet Captiva is a car with luxury and style both in interiors and exteriors. The exterior of Chevrolet Captiva is unmatched with a class-apart style. The sporty headlight makes the visibility very clear. The finishing touch on the exterior is done by the chrome finishing on the door handles and dual exhaust pipes. The alloy wheel base makes the look more complete and classy.
interesting info mate !!!
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