MV Agusta has received approval from the Court of Varese for the industrial plan put forward with the backing of international investment company Black Ocean Group on November 17, 2016.

The plan included a binding agreement made for a capital increase in the Italian motorcycle maker with the aim of consolidating MV’s leadership in the production of high-end motorcycles.

“In the last 12 months, the implemented measures have brought MV Agusta back in positive cash flow generation, allowing the company to accomplish the targets set in its plan and to consistently support product development and consolidation of our main markets,” company boss Giovanni Castiglioni said.

“MV Agusta has a completely new product line, born from five years of heavy investments that, along with our iconic brand, represent the key elements to support our growth and our clients demand.”