TIMUR SARDAROV: MV AGUSTA RELAUNCH PLAN NOW COMPLETE
PIERER Mobility AG acquires majority stake and initiates subsequent industrial section
Varese, March 15, 2024 – Timur Sardarov pronounces the profitable completion of the 5-year plan to revitalize the corporate. His goal to bolster the historic Italian model was fully fulfilled, leading to stability and substantial development for the “Made in Schiranna” icon. Throughout this era, measures have been taken to regular the corporate financially, and substantial enhancements have been made to each processes and merchandise, whereas additionally guaranteeing job safety in Varese.
The deal with high quality and reliability has resulted within the consolidation of MV Agusta’s repute and credibility amongst a rising international buyer base. Because of this, the corporate is now on monitor to attain internet revenue for the primary time in a few years. In 2023 alone, MV Agusta launched 5 new fashions, and all restricted sequence have been offered out inside hours of their launch. Moreover, a brand new supplier community was established, additional reinforcing the model id.
With this transfer, the Austrian group reaffirms its curiosity and dedication to the Schiranna model, contemplating the robust outcomes achieved lately beneath the steerage of the Sardarov household, who will keep joint management and a 49.9% stake within the firm.
With the early takeover of the bulk and, as a dedication to the situation and duty for the workers, Hubert Trunkenpolz, member of the chief board of PIERER Mobility AG, is taking up the position of CEO and Chairman from Timur Sardarov, who will proceed to be accessible to the corporate as Vice-Chairman, model ambassador and advisor.
Timur Sardarov commented: “MV Agusta embodies ardour and a novel sense of romance that captivated me, a seasoned entrepreneur, from day one. The private problem of guiding the corporate out of disaster and steering it in direction of success by progressive enterprise methods, workforce enlargement, and new product developments has been conquered. It’s an honor to play a task in shaping MV Agusta’s legacy. Over the previous 5 years, each the corporate and I’ve advanced considerably. Our development collectively is a testomony to the transformative journey we’ve shared. My time with MV Agusta has been a pivotal chapter in my life, stuffed with mutual joys and challenges. As I proceed to function a devoted Vice-Chairman, I’m dedicated to supporting the corporate and its ongoing success.”
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