Mercedes-AMG, brand of Daimler AG manufacturer of high performance sports cars, and motorcycle MV Agusta signed an agreement of collaboration between the two companies on a long-term partnership. The collaboration between these two high-end brands will embrace the area of marketing and sales. Mercedes-AMG GmbH at the same time acquire a stake of 25% in MV Agusta Motor S.p.A.. The details of the purchase price of the stake in MV Agusta were not disclosed. Mercedes-AMG will appoint a member of the board of MV Agusta. The partnership is still subject to regulatory approval, which should be released in late November.
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