Cmd goes Italian again with reverse buyout: Negri brothers buy back 67% from Loncin Motor

Cmd, an engine manufacturer, has completed a reverse buyout, bringing 100% control back into Italian hands. Cousins Giorgio and Mariano Negri, who founded the company in '89, bought back the 67% of the capital they had sold to Chinese multinational Loncin Motor Co. Ltd. The latter had entered Cmd's shareholding structure in 2017 to support its global expansion. The transaction these days cost the Negros 17.4 million. "Bringing the decision-making and industrial centre of gravity back to Italy means reaffirming an identity built over more than 30 years of history and creating the best conditions to face the technological and industrial challenges of the coming years," says Mariano Negri, chairman and ceo, who heads a new board of directors. "In a complex economic phase for the automotive sector," adds Mariano Negri, "we continue to invest because we believe in the company's growth potential. It is a technological excellence in Southern Italy, where it has always operated: in Atella, in the province of Potenza, with four production plants, and in Campania, with the R&D centre and administrative offices in San Nicola La Strada (CE). "We choose to remain anchored to Southern Italy, to our origins," the president continues, "and in particular to Basilicata, which in a complex historical phase shows that it can be a land of industrial rebirth. The industrial plan is focused on three lines of action, cultivating large customers (from Lamborghini to Ferrari), continuing to invest in research by focusing on hybrid engines, and continuing to diversify in the aeronautical sector. Cmd, with a 2025 turnover of over 38 million with a workforce of 200 people, 60 of whom are temporary workers, starts 2026 with an order book of 40 million a year in its belly for the next ten years, thanks above all to three important contracts signed with Lamborghini (20 million a year) and with Asian and Austrian customers. The reverse buyout has also led to a significant increase in the share capital from 16.8 to 25.9 million. Founded in 1989 by the Negri family, the company has been involved in the design, prototyping and development of engines and propulsion engineering solutions for over 30 years. In 2012, it joined the Elite programme of Borsa Italiana.