"Edge" Signed an agreement to acquire "CMD" Italian company specializing in advanced engine technologies and propulsion systems

Rome, 14 May / WAM / The EDGE Group, one of the world’s leading groups in the field of advanced technology and defense, announced the signing of an agreement to acquire a controlling stake in the Italian company Costruzioni Motori Diesel SpA (CMD), which specializes in the design of prototypes and development of advanced propulsion systems for applications in the automotive, aviation and marine sectors.

The signing ceremony was held at CMD’s facility in the city of Attila, in the Basilicata region of southern Italy, in the presence of representatives from both sides and a number of senior executives.

The agreement, which is subject to customary closing conditions and obtaining relevant regulatory and governmental approvals, represents a pivotal strategic step that supports EDGE Group’s plans to expand its presence in the fields of advanced engineering, fourth industrial revolution technologies, and future energy solutions.

The CMD Group, known for its long-standing experience in precision engine components and transmission system technologies, is expected to benefit from increasing capital investments and providing access to new regional and international markets, in addition to benefiting from the global capabilities enjoyed by the EDGE Group.

In return, CMD will contribute with its industrial heritage spanning more than 35 years in developing and manufacturing high-performance, high-quality engines for land, sea and air uses.

Hamad Al Marar, Managing Director and CEO of EDGE Group, said on this occasion that concluding this agreement with CMD represents an important strategic step towards establishing an advanced and highly efficient European center for payment systems, which enhances EDGE Group’s global industrial footprint and complements its advanced manufacturing system.

He added that by benefiting from the solid expertise that CMD Group possesses in the field of piston engines and advanced propulsion technologies, EDGE will accelerate the development of competitive, export-ready products capable of meeting the most stringent technical and operational requirements of its customers in the aviation, automotive and marine sectors.

The Edge Group confirmed its plans to expand the manufacturing capabilities of the CMD Group, accelerate research and development programs, and strengthen its leadership position in the fields of traditional propulsion systems and future propulsion systems of the next generation.

The deal was designed to achieve a comprehensive strategic integration by combining the CMD Group’s long-standing engineering and industrial heritage, with the global reach, financial strength and advanced technical expertise of the EDGE Group.

For his part, Mariano Negri, CEO of CMD Group, said that joining forces with Edge Group represents a very important strategic industrial opportunity for CMD, its employees and partners, pointing out that with support from Edge, CMD will be able to expand the scope of its technologies, enhance its international presence, and increase its investments in the areas of innovation and development, while at the same time preserving its Italian industrial roots and consolidating its firm commitment to quality, reliability and technological excellence.

The leaders of the two institutions affirmed their shared vision based on innovation, sustainability, and achieving long-term value, in a way that supports sustainable growth and technological progress across the various targeted industrial sectors.

The joint platform is expected to contribute to enhancing the ability to meet the growing and advanced requirements in the automotive, aviation, marine and industrial sectors, in addition to accelerating the pace of innovation and developing advanced payment solutions that meet the needs of future global markets.

CMD Group was founded in 1989 by the Negri family, whose heritage in the engine industry extends back to before World War II. The company has devoted more than 35 years to developing and designing prototypes and high-performance piston engines for the automotive, aviation and marine sectors.

CMD has gained a prominent international reputation thanks to its high engineering precision, advanced technical innovations, and strict adherence to the highest industrial quality standards.

Until the completion of the deal, which is expected to be completed by the end of this year, CMD will continue to operate as an independent company under the management of its current team, ensuring the continuity of operations and services provided to customers, suppliers and employees without interruption.

Following the completion of the transaction, EDGE Group and CMD’s existing shareholders, who will retain a significant minority stake in the company and continue to assume key management roles, will jointly prepare a comprehensive integration plan aimed at maximizing industrial complementarities, protecting vital knowledge and expertise, and accelerating the development and deployment of an integrated ecosystem of advanced payment solutions across the aviation, automotive and maritime sectors.

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