CMD joins the UAE-based Edge Group
As previously anticipated in these pages, the acquisition of CMD by Edge has reached its closing following the receipt of all necessary regulatory approvals. From left: Mariano Negri, CEO and shareholder of CMD srl; Salvatore Mariconda, notary in Rome; Rodrigo Torres, President & CFO of EDGE Group; Giorgio Negri, Sales Manager and shareholder of CMD
CMD, an Italian company with over 35 years of expertise in the design, prototyping, and development of advanced propulsion systems for automotive, marine, and aerospace applications, announces the completion of the transaction that officially marks its entry into EDGE Group, a leading international technology hub founded in 2019 and headquartered in the United Arab Emirates.
Transaction Finalized
The transaction, announced by CMD in recent months, was finalized after successfully clearing the required regulatory process. This milestone will allow the Basilicata-based company—which operates manufacturing plants in Atella and an R&D and management center in Caserta—to accelerate its path toward international growth and development, while preserving its identity, expertise, and strong ties to the local region.
EDGE Group acquires a controlling stake, while cousins Mariano and Giorgio Negri, descendants of the founders, will retain a significant shareholding. They will continue to contribute actively to the company’s leadership, ensuring managerial continuity and leveraging the expertise that has made CMD a benchmark in the industry to date. A joint integration plan will be developed to foster new opportunities and safeguard the technological and industrial heritage built over the years.
A New Horizon
The transaction opens a new chapter of development for CMD, supporting an ambitious growth path in a continuously evolving global market. The company will be able to scale up its production capacity, accelerate innovation, and further strengthen its presence in both traditional and advanced propulsion segments.
Insights
“The completion of this acquisition,” comments Hamad Al Marar, Managing Director and CEO of EDGE, “allows us to turn an agreement into a concrete reality, establishing a highly specialized European propulsion hub that integrates and reinforces EDGE’s global industrial presence. CMD brings consolidated expertise in piston engines and advanced propulsion technologies. Our goal is to support its growth by investing in people, infrastructure, and technologies, enabling it to meet the rising demand from autonomous driving, marine, and automotive markets. By combining CMD’s engineering expertise with EDGE’s global footprint and financial strength, we will accelerate the development of competitive, market-ready products for global clients, to their benefit.”
“This partnership,” adds Mariano Negri, who leads the Basilicata-based company alongside his cousin Giorgio, “marks a major milestone for our region, our production sites, and, above all, our people.”
