Italian CMD receives a purchase offer from Edge Group

The preliminary agreement with one of the world's leading advanced technology groups has been signed in Atella, at the production hub of the Lucanian company specializing in advanced propulsion systems. Perspective: Making Basilicata a production base of global importance, which identifies Southern Italy as an industrial platform of technological excellence for the future of automotive, aeronautics and marine

Atella (PZ), 14 maggio 2026 – CMD, an Italian company specializing in the design, prototyping and development of advanced propulsion systems for automotive, marine and aeronautical applications, has received an acquisition proposal from EDGE Group, a company founded in 2019 and based in the United Arab Emirates, one of the leading international technology groups.

The proposal provides for the acquisition of a controlling interest. Yesterday, the meeting to sign the preliminary settlement agreement took place at CMD's production facility in Atella, Basilicata: on one side, Rodrigo Torres, President and CFO Group of EDGE Group; on the other, Mariano Negri, majority shareholder and descendant of the company's founding family, who have over 35 years of experience in motorsports and are now internationally renowned players in integrated advanced propulsion systems.

The agreement represents a multiplier of opportunities for the Italian company, which has always chosen to remain in Basilicata, where it was founded in 1989, constantly investing in research and development and innovation, so much so that it has earned a solid international reputation for technical precision, innovation, and uncompromising quality standards, until it attracted the attention of EDGE Group, which with this strategic move aims to expand its presence in advanced engineering in Industry 4.0 and energy solutions. The operation therefore combines CMD's expertise, historicity, and roots in a high-potential production area with the global reach and financial strength of EDGE Group.

For CMD this entails in the immediate: increased capital investment and access to new regional and international markets; and in the perspective: expansion of production capacity, further acceleration of R & D activities and advancement of positioning in both conventional and next generation propulsion systems (the company is already strongly focused on hybrid propulsion systems).

Leaders of both organizations emphasized a shared vision focused on creating long-term value for the Italian company, its community, the region, and the national and international sector. Among the objectives: to create an integrated platform able to develop competitive “export‑ready” products for automotive, aeronautics and marine, with high-quality production based in Europe, while contributing to continuous growth and global technological progress.

Hamad Al Marar, Managing Director and CEO, EDGE Group: said: “By entering into this agreement with CMD, we are taking an important step in building a highly capable European propulsion hub that will complement and reinforce EDGE’s global industrial footprint. Through CMD’s proven expertise in piston engines and advanced propulsion technologies, we will accelerate the development of competitive, export-ready products that meet the most demanding requirements of our aeronautical, automotive, and marine customers.”

Mariano Negri, CMD Group Ceo: said: “Joining forces with EDGE represents a powerful industrial opportunity for CMD, our employees, and our partners. With EDGE’s support, we will be able to scale our technologies, expand our international reach, and invest further in innovation, while maintaining and strengthening our Italian industrial roots and our commitment to quality, reliability, and technological excellence. I am proud to think that our CMD can become the European home of EDGE engines: designed and built in Italy to compete in the world. At a time when many Italian companies risk losing value by relocating, it is a source of pride that an international giant has chosen to associate its name, along with ours, with the quality asset produced in Italy.”

The operation is subject to the usual closing conditions and applicable regulatory and government approvals, expected to be completed by the end of the year. Until then, CMD will continue to operate as an independent company under the leadership of its current management team, ensuring full continuity for customers, suppliers and employees. Should all the conditions envisaged be met, EDGE and CMD's current shareholders, who will continue to invest in the company with a significant minority stake and fill key managerial roles, will jointly define a detailed integration plan aimed at maximizing industrial synergies, safeguarding critical know-how and accelerating the implementation of a full propulsion offering in the aviation, automotive and maritime segments.

CMD

Founded in 1989 by the Negri family, the company has been designing, prototyping, and developing engines and propulsion engineering solutions for over 30 years. The business, originally founded with the traditional automotive sector, has evolved over time, thanks in part to the generational shift, expanding its expertise to new sectors, from nautical to aeronautical, from energy to defense, until today positioning itself as a technological partner for the provision of flexible and cutting-edge propulsion solutions, with prestigious international clients. He joined the Elite program of Borsa Italiana in 2012. With over 220 employees and a 2025 turnover of approximately €40 million (up from €38.5 million in 2024), the company represents a technological excellence in Southern Italy, where it has always operated: in Atella, in the province of Potenza, with four production plants, and in nearby Campania, with the R&D center and administrative offices in the municipality of San Nicola La Strada (CE). After a few years of opening up to foreign capital, in January 2026 an extraordinary reverse buyout operation returned 100% of the shareholding to Italian hands, those of the founding family. www.cmdengine.com

EDGE Group

EDGE, launched in 2019 in the United Arab Emirates, is a leading global group of advanced defense and security technologies. Founded to accelerate innovation and transformation, it develops agile, technology-intensive solutions, helping position the UAE as an international hub for the industries of the future and create new opportunities for highly skilled talent. Focused on adopting 4IR technologies, EDGE integrates research, development, emerging technologies, and industrialization to strengthen the country's sovereign capabilities and support global exports. His skills include autonomous systems, cyber-physical capabilities, advanced propulsion, robotics and intelligent materials. Based in Abu Dhabi, it brings together over 35 entities organized into five clusters: platforms and systems, missiles and weapons, space and information technologies, technologies and industrialization, and internal security. edgegroup.com For more information, visit edgegroup.com For media enquiries, please contact: EDGE Group Press Office media@edgegroup.ae +971 (52) 220 2930