Harley Davidson Names Head Of MV Agusta Group

Matt Levatich has been named managing director of Harley Davidson’s newly acquired Italian motorcycle company MV Agusta Group on Friday.

MILWAUKEE (AP) -- Harley-Davidson Inc. named Matt Levatich managing director of its newly acquired Italian motorcycle company MV Agusta Group on Friday.

Levatich, 43, was previously Harley's vice president and general manager of parts and accessories and custom vehicle operations, the company said.

Harley said Friday it completed its acquisition of premium sport bike maker MV Agusta for 70 million euros ($108 million). The deal is part of Harley's bid to increase its presence in Europe, where it has seen sales grow in the double digits for the last three years, offsetting weaker performance at home.

Shares of Harley rose 85 cents, or 2.1 percent, to $40.88 in morning trading.

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