Daimler has said it will buy 25% of Italian motorcycle maker MV Agusta.

It will buy the stake via its Mercedes-AMG performance cars unit and take a seat on the board at Agusta.

It did not disclose the financial terms and said it was part of a broader cooperation deal between high-end brands Mercedes and Agusta which would mainly focus on marketing and sales.

The move mirrors Audi's purchase of Ducati, a brand which Mercedes had previously been interested in purchasing. It will also potentially give Mercedes access to high performance, lightweight technology, including the three-cylinder engines developed by Agusta for its superbikes.

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