Photo Credit: WAM
Dubai, UAE — May 2026 — Abu Dhabi-based defense technology conglomerate EDGE Group has signed an agreement to acquire a controlling stake in Italian firm Costruzioni Motori Diesel S.p.A., marking a significant expansion of the group’s European industrial footprint.
The signing ceremony took place at CMD’s facility in Atella, in the Basilicata region of southern Italy, attended by representatives from both sides along with senior executives.
CMD specializes in the design, prototyping, and development of advanced propulsion systems for the automotive, aerospace, and marine sectors. Founded in 1989 by the Negri family, whose engineering heritage predates World War II, the company has spent over 35 years building a reputation for precision engineering, technical innovation, and rigorous quality standards in high-performance piston engine manufacturing.
EDGE Group described the deal as a strategically pivotal move to establish a high-capability European hub for propulsion systems, complementing its broader advanced manufacturing ecosystem.
“This agreement with CMD represents an important strategic step toward establishing an advanced, high-capability European center for propulsion systems,” said Hamad Al Marar, Managing Director and CEO of EDGE Group, according to the Emirates News Agency.
He added: “By leveraging CMD’s deep expertise in piston engines and advanced propulsion technologies, EDGE will accelerate the development of competitive, export-ready products capable of meeting the most demanding technical and operational requirements of our customers.”
CMD CEO Mariano Negri welcomed the partnership, calling it “a strategically significant industrial opportunity” for the company, its employees, and partners. He said the deal would enable CMD to scale its technologies and expand internationally while preserving its Italian industrial roots and commitment to quality.
Under the terms of the agreement, CMD’s existing shareholders will retain a meaningful minority stake and continue in key management roles. Until the transaction closes — expected by the end of this year — CMD will continue operating independently under its current management, ensuring uninterrupted service to customers, suppliers, and staff.
The deal is subject to customary closing conditions and relevant regulatory and governmental approvals.
Post-completion, both parties plan to develop a comprehensive integration roadmap aimed at maximizing industrial synergies, safeguarding critical know-how, and accelerating the deployment of advanced propulsion solutions across the aerospace, automotive, and marine sectors.
