Dainese Buys AGV |
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File under News
Author: Mike Werner
Location: Normandy, France
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To keep things Italian, Dainese have bought AGV from the Belgium Imag Group. Dainese has a revenue of €112 million, while AGV generates €32 million per year.
Lino Dainese, CEO of Dainese, said: “AGV and Gino Amisano, who founded the company in 1947, offered me important roles to follow. We continued to grow along parallel lines in the context of both innovation and the sport’s most important racers, from Agostini to Valentino Rossi, and we now intend to enhance the recently purchased company’s image and value even further”.
No mention of the sales price, but I don't think AGV comes cheap....
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