KTM to acquire 25% stake in MV Agusta

Italian bikemaker MV Agusta inks strategic pact with Austria's Pierer Mobility which owns KTM. India's Bajaj Auto has a 49% stake in Pierer Mobility's parent company PTW Holding AG.

Autocar Pro News Desk By Autocar Pro News Desk calendar 03 Nov 2022 Views icon2751 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
KTM to acquire 25% stake in MV Agusta

Italian sportsbike manufacturer MV Agusta and Austrian two-wheeler manufacturer Pierer Mobility have agreed on a strategic cooperation.

Within the framework of this strategic partnership between the two European motorcycle manufacturers, KTM AG, which is owned by Pierer Mobility, will provide MV Agusta with supply chain support and take over the purchasing. Furthermore, in the course of this cooperation, MV Agusta will partly distribute its product range via Pierer Mobility’s worldwide distribution network.

In November 2022, KTM AG will acquire a 25.1% stake in the Varese-based MV Agusta Motor by way of a capital increase. Given that Bajaj Auto owns a 49.9% stake in PTW Holding AG, the parent company of Pierer Mobility, will MV Agusta make a comeback into the Indian two-wheeler market?

 

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