Transactions with subsidiaries

The main relations with subsidiaries, eliminated in the consolidation process, refer to the following transactions:

Piaggio & C. S.p.A. 

  • sells vehicles, spare parts and accessories to be sold on respective markets, to:
    • Piaggio Hrtvaska
    • Piaggio Hellas
    • Piaggio Group Americas
    • Piaggio Vehicles Private Limited
    • Piaggio Vietnam 
  • sells components to:
    • Piaggio Vehicles Private Limited
    • Piaggio Vietnam
  • grants licences for rights to use the brand and technological know-how to:
    • Piaggio Vehicles Private Limited
    • Piaggio Vietnam
  • provides support services for scooter and engine industrialisation to:
    • Piaggio Vehicles Private Limited
    • Piaggio Vietnam 
  • provides support services for staff functions of other Group companies;
  • issues guarantees for the Group's subsidiaries, for medium-term loans.

Piaggio Vietnam

  • sells vehicles, spare parts and accessories, which it has manufactured in some cases, to be sold on respective markets, to:
    • Piaggio Indonesia
    • Piaggio Group Japan
    • Piaggio & C. S.p.A.    

Piaggio Vehicles Private Limited

  • sells vehicles, spare parts and accessories, to be sold on respective markets, and components and engines to use in manufacturing, to Piaggio & C. S.p.A.

Piaggio Vespa provides 

  • back office business and administration services as well as credit management services to Piaggio & C. S.p.A.

Piaggio Hrtvaska, Piaggio Hellas, Piaggio Group Americas and Piaggio Vietnam

  • distribute vehicles, spare parts and accessories purchased by Piaggio & C. on their respective markets. 

Piaggio Indonesia and Piaggio Group Japan

  • provide a vehicle, spare part and accessory distribution service to Piaggio Vietnam for their respective markets.

Piaggio France, Piaggio Deutschland, Piaggio Limited, Piaggio Espana and Piaggio Vespa

  • provide a sales promotion service and after-sales services to Piaggio & C. S.p.A. for their respective markets.

Piaggio Asia Pacific

  • provides a sales promotion service and after-sales services to Piaggio Vietnam in the Asia Pacific region. 

Foshan Piaggio Vehicles Technologies R&D

  • provides to Piaggio & C. S.p.A.:
    • a component and vehicle design/development service;
    • scouting of local suppliers; 
  • Piaggio Vietnam: 
    • scouting of local suppliers;

Piaggio Advanced Design Center

  • provides a vehicle and component research/design/development service to Piaggio & C. S.p.A.

Aprilia Racing

  • provides to Piaggio & C. S.p.A.
    • a racing team management service;
    • a vehicle design service.

Atlantic 12

  • rents a property to Piaggio & C. S.p.a.