Prime Highlights
- EDGE Group signed an agreement to acquire a controlling stake in Italian propulsion systems company CMD.
- The deal aims to expand EDGE’s global engineering and advanced propulsion capabilities.
Key Facts
- CMD has over 35 years of experience in developing engines for automotive, marine and aerospace sectors.
- EDGE Group plans to strengthen CMD’s manufacturing, research and international market reach after the acquisition.
Background
EDGE Group has signed an agreement to acquire a controlling stake in CMD, an Italian company specialising in advanced propulsion systems for automotive, marine and aeronautical applications.
The agreement was signed at CMD’s manufacturing facility in Atella in southern Italy. The transaction still rests on regulatory approvals and usual closing conditions.
EDGE said the acquisition supports its strategy to expand its presence in advanced engineering, Industry 4.0 technologies and power solutions. The company plans to strengthen CMD’s manufacturing capacity, accelerate research and development activities and expand its access to regional and international markets.
CMD has more than 35 years of experience in designing and manufacturing high-performance piston engines and precision powertrain technologies for land, sea and air applications. EDGE stated that CMD’s expertise will help build a stronger European propulsion hub and support the development of export-focused products for aerospace, automotive and marine customers.
CMD Chief Executive Officer Mariano Negri said the partnership would help the company scale its technologies, increase international reach and invest further in innovation while maintaining its Italian industrial identity and quality standards.
The companies also plan to create a detailed integration strategy after the transaction closes, which is expected by the end of the year. CMD will continue operating independently under its current management team until the process is completed. Existing CMD shareholders will retain a significant minority stake and continue to hold important management positions.
Both companies said the partnership will focus on innovation, sustainability and long-term industrial growth across multiple sectors.
