CMD Group, known for its design and prototypes of advanced propulsion technologies, has returned to Italian control with a reverse buyout.
The transaction restores 100% of its shareholding control to Italian hands, in a move designed to strengthen the company’s strategic autonomy and long-term vision.
A majority stake – 67% – had been sold to the Chinese multinational Loncin Motor Co. Ltd. in 2017 to support the company’s global expansion.
Entrepreneurs Giorgio and Mariano Negri, co-founders and architects of the shareholder reorganisation, explained the rationalle behind the transaction.
“Bringing the decision-making and industrial centre of gravity back to Italy means reaffirming an identity built over 30 years of history and creating the best conditions to face the technological and industrial challenges of the coming years,” said Mariano Negri, now president and CEO.
Bringing the decision-making and industrial center of gravity back to Italy means reaffirming an identity built over 30 years of history.
Mariano Negri
“This strengthens the Italian family business model, ensuring continuity and a deep connection with the territory.”
He continued: “We choose to remain anchored to Southern Italy, to our origins, and in particular to Basilicata, which in a complex historical phase is demonstrating its potential as a land of industrial rebirth, skills, and opportunities.
“Here we want to continue to invest and work, offering a concrete prospect of growth for local communities and for present and future generations.”
Negri will lead a new board of directors assisted by his cousin Giorgio Negri and their children, representing the third generation of the family.
Capital injection
CMD is positioning itself as a key player in the transition towards sustainable mobility, with a focus on electric, hybrid and high-tech solutions which are developed in collaboration with research institutions.
“We are choosing the future with a clear industrial vision, putting the company, its skills, its people, and our strong Italian soul at the centre,” said Giorgio Negri.”
The transaction also resulted in a significant increase in share capital and capital injection directly from the family, from €16.8 million to €25.9 million.
CDM was founded by the Negri family in 1989.
