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linuxyeti |
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linuxyeti World Chat Champion
Joined: 06 Oct 2006 Karma :
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Posted: 07:45 - 27 Jun 2017 Post subject: Harley-Davidson looking to buy Ducati !! |
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Just when you thought RE owning Ducati would be bad, looks like you Ducati riders are going to have to get yourself some chaps
Harley-Davidson enters race to buy Italian rival Ducati: sources
U.S. motorcycle maker Harley-Davidson (HOG.N) is lining up a takeover bid for Italian rival Ducati, potentially bringing together two of the most famous names in motorcycling in a deal that could be worth up to 1.5 billion euros ($1.67 billion), sources told Reuters.
Indian motorcycle maker Bajaj Auto (BAJA.NS) and several buyout funds are also preparing bids for Ducati, which is being put up for sale by German carmaker Volkswagen (VOWG_p.DE).
A deal with Harley-Davidson would bring together the maker of touring bikes like the Electra Glide that are symbolic of America with a leading European maker whose high-performance bikes have a distinguished racing heritage.
Milwaukee-based Harley-Davidson has hired Goldman Sachs to work on the deal, one source familiar with the matter said, adding tentative bids were expected in July.
Volkswagen, whose Audi division controls Ducati – maker of the iconic Monster motorbike – is working with investment boutique Evercore on the sale which will help it fund a strategic overhaul following its emissions scandal.
Based in the northern Italian city of Bologna, Ducati was on the wish list of private equity funds KKR (KKR.N), Bain Capital and Permira, which are all working on the deal, said the sources who declined to be identified as the process is private.
Ducati was launched in 1926 as a maker of vacuum tubes and radio components and its Bologna factory remained open in World War Two despite being the target of several bombings.
Ducati racers have won the Superbike world championship 14 times, with Carl Fogarty and Troy Bayliss its most successful riders.
Harley-Davidson, which commands about half the U.S. big-bike market, was founded in Milwaukee, Wisconsin at the start of the last century and was one of two major American motorcycle manufacturers to survive the great depression.
Demand for Harley’s motorcycles continues to be slow as its loyal baby boomer demographic ages and rivals such as the Indian brand bike maker Polaris Industries Inc (PII.N) and Japan’s Honda Motor Co Ltd (7267.T) offer discounts.
Volkswagen’s powerful labor unions, which control half the seats on the carmaker’s 20-strong supervisory board, repeated their opposition to selling the Italian motorcycle maker.
“Ducati is a jewel, the sale of which is not supported by the labor representatives on Volkswagen’s supervisory board,” a spokesman for VW group’s works council said in an email.
“Harley-Davidson is miles behind Ducati in technology terms,” he added.
BIDDING FIELD
Evercore has sent out information packages to a number of potential suitors including Ducati’s previous owner Investindustrial, sources with knowledge of the matter said.
Investindustrial bought a stake in Ducati before the financial crisis, subsequently taking control of the business before selling it to Audi in 2012.
It is now looking to compete with heavyweight private equity firms and large industry players to regain control.
Volkswagen, Audi, Harley-Davidson, KKR and Bain Capital declined to comment. Bajaj, Investindustrial and Permira were not immediately available.
Volkswagen, Europe’s largest carmaker, is seeking to move beyond an emissions-cheating scandal that has tarnished its image and left it facing billions of euros in fines and settlements.
A successful deal for Ducati, which last year reported revenues of 593 million euros, would show Volkswagen boss Matthias Mueller is serious about reversing his predecessor’s quest for size.
Volkswagen said last June it would review its portfolio of assets and brands, rekindling speculation among analysts that “non-core” businesses could be put up for sale.
Volkswagen hopes to raise between 1.4 billion and 1.5 billion euros from the sale of Ducati, valuing it at 14-15 times its earnings before interest, taxes, depreciation and amortization (EBITDA) of about 100 million euros, the sources said.
The German car maker wants a valuation that reflects trading multiples of similar trophy assets in the automotive industry, such as Italian car maker Ferrari (RACE.MI) which trades at almost 30 times its forward earnings.
Yet it may need to compromise on price as some of the bidders would struggle to pay as much as 1.5 billion euros for Ducati, several sources said.
Price expectations have already proved challenging for some industry players who recently decided against bidding.
Indian motorcycle firm Hero MotoCorp (HROM.NS) and its rival TVS Motor Company (TVSM.NS) initially expressed interest in Ducati but were put off by its price tag and decided to walk away, the sources said.
German car marker BMW (BMWG.DE) and Japanese motorcycle makers Honda (7267.T) and Suzuki (7269.T) have also decided against bidding for Ducati, sources close to the companies told Reuters.
A BMW spokesman confirmed the German firm was not interested in Ducati, while Hero and TVS were not immediately available for comment.
Another source close to Volkswagen said the sale of Ducati might not be finalised before the annual EICMA motorcycle show in Milan in mid-November as Volkswagen wanted to find the right buyer and the sales process might take time.
(Source: Reuters 21 June 2017) ____________________ Beware what photos you upload, or link to on here, especially if you have family members on them |
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arry |
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Rogerborg |
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Rogerborg nimbA
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Posted: 08:35 - 27 Jun 2017 Post subject: |
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Who says?
Oh, sources. ____________________ Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike |
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RhynoCZ |
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RhynoCZ Super Spammer
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Posted: 12:18 - 27 Jun 2017 Post subject: |
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Would make sense, 'mericans like Ducatis. The most of the films from the USA made in the past 15-20 years had a Ducati as the main motorcycle in it. Although, their V-twins sound like a 600cc in-line fours. ____________________ '87 Honda XBR 500, '96 Kawasaki ZX7R P1, '90 Honda CB-1, '88 Kawasaki GPz550, MZ 150 ETZ
'95 Mercedes-Benz w202 C200 CGI, '98 Mercedes-Benz w210 E200 Kompressor |
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chickenstrip |
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chickenstrip Super Spammer
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Posted: 13:06 - 27 Jun 2017 Post subject: Re: Harley-Davidson looking to buy Ducati !! |
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linuxyeti wrote: |
Harley-Davidson enters race to buy Italian rival Ducati |
In what way are Harley and Ducati any kind of rivals? ____________________ Chickenystripgeezer's Biking Life (Latest update 19/10/18) Belgium, France, Italy, Austria tour 2016 Picos de Europa, Pyrenees and French Alps tour 2017 Scotland Trip 1, now with BONUS FEATURE edit, 5/10/19, on page 2 Scotland Trip 2 Luxembourg, Black Forest, Switzerland, Vosges Trip 2017
THERE'S MILLIONS OF CHICKENSTRIPS OUT THERE! |
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RhynoCZ |
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chickenstrip |
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chickenstrip Super Spammer
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Posted: 14:01 - 27 Jun 2017 Post subject: Re: Harley-Davidson looking to buy Ducati !! |
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RhynoCZ wrote: |
Diavel? |
Except that the Diavel apparently stops, goes and handles pretty well, whilst Harley owners don't care about any such unnecessary frills. Harley owners typically don't want anything other than a Harley, especially in that Murica. ____________________ Chickenystripgeezer's Biking Life (Latest update 19/10/18) Belgium, France, Italy, Austria tour 2016 Picos de Europa, Pyrenees and French Alps tour 2017 Scotland Trip 1, now with BONUS FEATURE edit, 5/10/19, on page 2 Scotland Trip 2 Luxembourg, Black Forest, Switzerland, Vosges Trip 2017
THERE'S MILLIONS OF CHICKENSTRIPS OUT THERE! |
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chickenstrip |
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chickenstrip Super Spammer
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Posted: 14:07 - 27 Jun 2017 Post subject: Re: Harley-Davidson looking to buy Ducati !! |
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Rogerborg wrote: | chickenstrip wrote: | In what way are Harley and Ducati any kind of rivals? |
Competing for a limited supply of break-down trucks. |
https://www.youtube.com/watch?v=Tk2-9taZEvM
As for Ducati, it can't be easy to get those pesky electrons to go down such thin bits of wire exactly like you want them to ____________________ Chickenystripgeezer's Biking Life (Latest update 19/10/18) Belgium, France, Italy, Austria tour 2016 Picos de Europa, Pyrenees and French Alps tour 2017 Scotland Trip 1, now with BONUS FEATURE edit, 5/10/19, on page 2 Scotland Trip 2 Luxembourg, Black Forest, Switzerland, Vosges Trip 2017
THERE'S MILLIONS OF CHICKENSTRIPS OUT THERE! |
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RhynoCZ |
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RhynoCZ Super Spammer
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Posted: 14:09 - 27 Jun 2017 Post subject: Re: Harley-Davidson looking to buy Ducati !! |
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chickenstrip wrote: | RhynoCZ wrote: |
Diavel? |
Except that the Diavel apparently stops, goes and handles pretty well, whilst Harley owners don't care about any such unnecessary frills. Harley owners typically don't want anything other than a Harley, especially in that Murica. |
Yes, but I think Hardly Davidson's plan is to just use the current H-D dealership network to push Ducati motorcycles onto the market. The very hipster Scrambler and all its current variants and the Hypermotard stuff. If American movie industry reflects what people want, then every single time there is supposed to be non-Japanese, non-American motorcycle, it's always a Ducati. ____________________ '87 Honda XBR 500, '96 Kawasaki ZX7R P1, '90 Honda CB-1, '88 Kawasaki GPz550, MZ 150 ETZ
'95 Mercedes-Benz w202 C200 CGI, '98 Mercedes-Benz w210 E200 Kompressor |
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chickenstrip |
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chickenstrip Super Spammer
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Posted: 14:16 - 27 Jun 2017 Post subject: Re: Harley-Davidson looking to buy Ducati !! |
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RhynoCZ wrote: | every single time there is supposed to be non-Japanese, non-American motorcycle, it's always a Ducati. |
Kind of reduces the choice somewhat. And if you're aiming for a non-motorcycling public, it's likely some at least will have heard of Ducati, given their racing success. ____________________ Chickenystripgeezer's Biking Life (Latest update 19/10/18) Belgium, France, Italy, Austria tour 2016 Picos de Europa, Pyrenees and French Alps tour 2017 Scotland Trip 1, now with BONUS FEATURE edit, 5/10/19, on page 2 Scotland Trip 2 Luxembourg, Black Forest, Switzerland, Vosges Trip 2017
THERE'S MILLIONS OF CHICKENSTRIPS OUT THERE! |
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DrSnoosnoo |
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DrSnoosnoo World Chat Champion
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Tigerlea |
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chickenstrip |
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Posted: 17:00 - 27 Jun 2017 Post subject: Re: Harley-Davidson looking to buy Ducati !! |
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arry wrote: | chickenstrip wrote: |
Except that the Diavel apparently stops, goes and handles pretty well, whilst Harley owners don't care about any such unnecessary frills. Harley owners typically don't want anything other than a Harley, especially in that Murica. |
But the other people that buy the diavel don't give a shit about that either, they just happen to come free of charge with their image-enhancer.
PS: I would love a Diavel. |
Feel the need to enhance your image, huh?
Quite fancy trying one myself ____________________ Chickenystripgeezer's Biking Life (Latest update 19/10/18) Belgium, France, Italy, Austria tour 2016 Picos de Europa, Pyrenees and French Alps tour 2017 Scotland Trip 1, now with BONUS FEATURE edit, 5/10/19, on page 2 Scotland Trip 2 Luxembourg, Black Forest, Switzerland, Vosges Trip 2017
THERE'S MILLIONS OF CHICKENSTRIPS OUT THERE! |
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arry |
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Posted: 17:10 - 27 Jun 2017 Post subject: |
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Sort of
I actually have an urge to buy one, then buy the campest leathers I can possibly find, like bright pink Penelope Pitstop style or some such, and go hustling it through the lanes to/from the local bike meets like a man possessed. Just for the lolz. |
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ThatDippyTwat World Chat Champion
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stevo as b4 World Chat Champion
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Old Thread Alert!
The last post was made 6 years, 303 days ago. Instead of replying here, would creating a new thread be more useful? |
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