Following Audi's announcement that it has acquired Ducati (click here
), former owner Investindustrial has now released its own statement regarding the sale.
Part 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 the control of the Investindustrial Group,"
The full Investindustrial announcement is as follows...
'April 18, 2012 - International Motorcycles 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 designer 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 revenues of €480 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 €305 million in 2006 to €480 million in 2011, EBITDA rose from €27 million in 2006 to €94 million in 2011 and resulted in positive EBIT of €51 million from €5 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.
'Ducati 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 of 68 wins. In MotoGP, Ducati won 28 races, a Riders World title and a Constructors World title in 2007.