EDGE Group has signed an agreement to acquire a controlling stake in Costruzio ni Motori Diesel — CMD — a leading Italian company specialised in the design, prototyping, and development of advanced propulsion systems for automotive, marine, and aeronautical applications.
Abu Dhabi Ship Building (ADSB), Edge’s naval shipbuilding entity, has signed a Memorandum of Understanding (MoU) with CMD, the Italian designer and developer of advanced propulsion systems, to explore integrating CMD’s engines into ADSB’s vessels.
EDGE has completed the acquisition of a controlling stake in CMD, a leading Italian company specialised in the design, prototyping and development of advanced propulsion systems for automotive, marine and aeronautical applications.
