Ducati Motor Holding Presents its Offer for the Acquisition of the Majority Share of Aprilia
July 07 2004 - 12:12PM
PR Newswire (US)
Ducati Motor Holding Presents its Offer for the Acquisition of the
Majority Share of Aprilia BOLOGNA, Italy, July 7
/PRNewswire-FirstCall/ -- Ducati Motor Holding S.p.A.
(NYSE:DMHNYSE:BorsaNYSE:ItalianaNYSE:S.p.A:NYSE:DMH), a leading
manufacturer of high performance motorcycles, has presented today
an offer for the acquisition of the majority share of the Aprilia
Group. This offer intends to solve the recent financial crisis of
Aprilia in order to re-establish its role as a leader, built up
over years of hard work and successes in the two-wheel market. This
operation is based on the wish to promote the Italian two-wheel
industry consolidation. This new group, first of its kind in
Europe, would be able to compete successfully at a global level,
thanks to the strengths and peculiarities of each single brand,
scale economies and the technological excellence resulting from the
combination of each company's competencies. "Ours is a long-term
industrial project," said Federico Minoli, Ducati Chairman and CEO.
"We are not financial investors. We are moved by passion and we are
dedicated to the success of Italian bikes worldwide. We are
conscious that this success depends on respecting and enhancing the
different identities of each single brand, each one directly linked
with its products, its history and its territory, where
manufacturing sites have to be kept. Technological competencies,
the real asset of each company, could be better used in an
integrated and coherent development plan that avoids duplication,
and that concentrates its investment efforts on technology and
innovation. All together these companies will have a great market
penetration force, in particular abroad, realizing in the meantime
important synergies in sales structures and distribution channels,
as well as in purchasing and administrative structures. Our Ducati
turn-around experience leaves us confident of the possibility of
success and conscious of the responsabilities we are assuming
versus an industry sector that has always proudly brought the
Italian geniality and passion for the two-wheel industry to the
world." Founded in 1926, Ducati builds racing-inspired motorcycles
characterized by unique engine features, innovative design,
advanced engineering and overall technical excellence. The Company
produces motorcycles in five market segments which vary in their
technical and design features and intended customers: Superbike,
Supersport; Monster, Sport Touring and Multistrada. The Company's
motorcycles are sold in more than 60 countries worldwide, with a
primary focus in the Western European, Japan and North American
markets. Ducati has won twelve of the last fourteen World Superbike
Championship titles and more individual victories than the
competition put together. For more information about the Company,
please visit our web site at http://www.ducati.com/ This press
release contains statements that are forward-looking and are
subject to a number of risks and uncertainties that could cause
actual results to differ materially from those anticipated, as
described in documents previously filed by the Company with CONSOB
and with the U.S. Securities and Exchange Commission. DATASOURCE:
Ducati Motor Holding S.p.A. CONTACT: For further information,
please contact: Fabrizio Nardi, Investor Relations, Ducati Motor
Holding S.p.A. Via Cavalieri Ducati, 3, Bologna 40132, Italy, Main
Tel: +39-051-6413-111 Direct tel: +39-051-6413-213 E-mail:
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