Canossa Events completed the acquisition of Cavallino.

Canossa Events, the premium motoring events business of Motorsport Network, completed the acquisition of Cavallino, a US-based concours event and media company. Financial terms were not disclosed. "I have dedicated a lifetime to building the Cavallino community with a passion for all things Ferrari and it is a business with an impeccable reputation. I received several offers for the business, but I wanted it to be part of an ecosystem that serves the Ferrari community and where it can thrive. In Luigi, the Canossa team and the wider Motorsport Network group, I have found the ultimate platform run by people who share my passion and vision," John Barnes, Cavallino President.