KTM (Pierer Mobility AG) takes control of MV Agusta with 50.1 percent ownership

CrAzY dRiVeR · 19th March 2024, 17:44

PIERER Mobility AG, the parent company behind KTM, GasGas and Husqvarna has announced that it has acquired a controlling 50.1 percent stake in the Varese(Italy)-based exotic motorcycle brand - MV Agusta Motor S.p.A.

KTM (Pierer Mobility AG) takes control of MV Agusta with 50.1 percent ownership-3aabf1119d1946258ad3b2d1d3f01cad.jpg

(Image source)

Back in November 2022, the company had acquired 25.1% of MV Agusta as part of a capital increase. As part of this cooperation, KTM AG took over the supply chain and purchasing of MV Agusta in October 2023. In addition, MV Agusta's product range is also distributed in part via PIERER Mobility's global sales network.

With the new agreement - KTM AG will take over the majority and also the industrial management of MV Agusta Motor S.p.A. In the medium term.

An annual production volume of more than 10,000 MV Agusta premium motorcycles is planned at the site in Varese.

pixantz · 20th March 2024, 20:58

That means now MV Agusta will enter Motogp in 2025? More choice for the riders! That would be Great �� We were hearing about these potential developments and this appears to be the start towards that.

19th March 2024, 17:44	#1
CrAzY dRiVeR Team-BHP Support Join Date: Jun 2006 Location: Bangalore / TVM Posts: 17,204 Thanked: 73,615 Times View My Garage	KTM (Pierer Mobility AG) takes control of MV Agusta with 50.1 percent ownership PIERER Mobility AG, the parent company behind KTM, GasGas and Husqvarna has announced that it has acquired a controlling 50.1 percent stake in the Varese(Italy)-based exotic motorcycle brand - MV Agusta Motor S.p.A. (Image source) Back in November 2022, the company had acquired 25.1% of MV Agusta as part of a capital increase. As part of this cooperation, KTM AG took over the supply chain and purchasing of MV Agusta in October 2023. In addition, MV Agusta's product range is also distributed in part via PIERER Mobility's global sales network. With the new agreement - KTM AG will take over the majority and also the industrial management of MV Agusta Motor S.p.A. In the medium term. An annual production volume of more than 10,000 MV Agusta premium motorcycles is planned at the site in Varese.
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20th March 2024, 20:58	#2
pixantz BHPian Join Date: Dec 2013 Location: Mumbai Posts: 764 Thanked: 1,014 Times	Re: KTM (Pierer Mobility AG) takes control of MV Agusta with 50.1 percent ownership That means now MV Agusta will enter Motogp in 2025? More choice for the riders! That would be Great �� We were hearing about these potential developments and this appears to be the start towards that.
	() Thanks