The acquisition of Ducati Motor Holding by Audi AG has been fully completed through its controlled company, Automobili Lamborghini S.p.A.
The new board of directors appointed the CEO of Audi AG, Rupert Stadler, as president of the board and Gabriele Del Torchio and Claudio Domenicali from Ducati as members of the board alongside Horst Glaser and Axel Strotbek of Audi AG.
The board then additionally appointed Gabriele Del Torchio as CEO of Ducati Motor Holding and, during the same meeting, formed the new Ducati Motor Holding Executive Committee of members of the board, members of the Ducati Motor Holding Management and further appointing Gabriele Del Torchio as president.
Audi AG also made the decision to appoint Gabriele Del Torchio to the board of directors of Automobili Lamborghini SPA.
Details of the deal were not disclosed, but reports have suggested the deal is worth a little under EUR900m.
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VW Group patriarch Ferdinand Piech is thought to have long been keen to extend the wide brand portfolio to include a premium motorcycle brand (that could rival BMW and others). Ducati’s technical know-how could also benefit the wider group, analysts say.
Positioning Ducati for close association with Audi is also seen as underlining premium high-tech credentials for both brands.
