Bajaj Auto Completes Acquisition of Full Control in KTM and Pierer Mobility

Bajaj Auto Limited has completed its acquisition of sole controlling stake in Pierer Bajaj AG (PBAG), establishing full ownership of the Austrian holding company and securing control over premium motorcycle manufacturers KTM AG and Pierer Mobility AG.

The transaction, finalized on November 18, 2025, saw Bajaj Auto International Holdings BV (BAIH), a wholly owned subsidiary of Bajaj Auto, acquire all 50,100 shares of PBAG from Pierer Industrie AG. This gives BAIH 100% ownership of PBAG, which in turn holds approximately 74.9% in both Pierer Mobility and KTM.

The acquisition follows a series of regulatory approvals, including clearance from the Austrian Takeover Commission on October 23, 2025, which granted restructuring privileges that exempted Bajaj from making a mandatory takeover bid to Pierer Mobility shareholders. The European Commission also provided necessary notifications earlier this month.

With the transaction's completion, the Pierer Group has exited PBAG, Pierer Mobility, and KTM. Significant organizational changes have been initiated, including renaming Pierer Bajaj AG to Bajaj Auto International Holdings AG and Pierer Mobility AG to Bajaj Mobility AG. The Supervisory Boards and Management Boards of all three entities are also being reconstituted.

PBAG, Pierer Mobility, and KTM have now become step-down subsidiaries of Bajaj Auto, effective November 18, 2025. Pierer Mobility's shares remain listed on the SIX Swiss Exchange in Zurich and the Vienna Stock Exchange.