Source in Italian.
The Italian engine manufacturing company, CMD, has completed a reverse buyout operation which has brought it back under 100% Italian control. The cousins Giorgio and Mariano Negri, who founded the company back in 1989, have bought back the 67% of shares that they themselves had sold to the Chinese multinational Loncin Motor Co. Ltd, which had bought CMDโs shares in 2017 to sustain its global expansion. The recent buyout operation costed the Negri cousins 17,4 million euros.
โBringing back to Italy the decision and industrial centre of the company means reclaiming an identity built in over thirty years of history and it also means creating better conditions with which to face the technological and industrial challenges of the incoming yearsโ, says Mariano Negri, president and CEO, who leads the new board of administrators. โIn a complex transitional phase for the automotive industry โ continues Mariano Negri โ we continue to invest because we believe in the growth possibilities of the companyโ. We are talking about a technological champion of southern Italy, where the company has always been located: in Atella, province of Potenza, with four manufacturing plants, and in Campania, with its R&D centre and its administrative offices in the town of San Nicola La Strada.
โWe chose to stay anchored to southern Italy, to our roots โ continues the president - and in particular to the Basilicata region, which in a complex historical moment itโs proving itself to be a land capable of industrial rebirthโ. The industrial pan is focused on three lines of action, cultivating the relationships with large clients (spanning from Lamborghini to Ferrari), continuing to invest on research and development focusing on hybrid engines, and continuing to diversify by investing in the aeronautical sector. CMD, with a 2025 yearly revenue of over 38 million euros and 200 employees, of which 60 temporaries, begins 2026 with a portfolio of orders worth 40 million euros per year for the next 10 years, thanks mostly to three big contracts with Lamborghini (worth 20 million euros per year) and with Asian and Austrian clients. The reverse buyout operation has also meant a significant increase of the share capital, which increased from 16,8 to 25,9 million. Founded in 1989 by the Negri family, for over 30 years the company has developed, prototyped and built engine and propulsion systems. In 2012 it entered the elite programme of the Italian stock market.
Written by Vera Viola, published by Il Sole 24 Ore 8/1/2026, manually translated by u/minos83 (reddit).