KTM AG to acquire a 25.1% stake in MV Agusta Motor
The strategic cooperation between MV Agusta, the iconic Italian brand and KTM AG.The Austrian motorcycle company known for technology, innovation and performance, is born from a shared passion for motorcycles.
MV Agusta and PIERER Mobility agree on strategic cooperation. The agreement also includes a potential future collaboration in the supply, distribution and warranty of all major brands in the motorcycle sector.
Here is the press release.
MV Agusta and PIERER Mobility have agreed on strategic cooperation.
Within the framework of this strategic partnership between the two European motorcycle manufacturers, KTM AG, a company of PIERER Mobility. Will provide MV Agusta with supply chain support and take over the purchasing.
Furthermore, MV Agusta will partly distribute its product range via PIERER Mobility’s worldwide distribution network in this cooperation.
In November 2022, KTM AG will acquire a 25.1% stake in MV Agusta Motor S.p.A.Based in Varese (Italy), through a capital increase.
About MV Agusta Motor S.p.A.
MV Agusta is one of the world’s leading premium motorcycle manufacturers. Based in Varese, in Northern Italy, it crafts legendary racetrack-derived bikes.
Iconic design and class-leading performance through advanced technologies and materials make MV Agusta motorcycles admired worldwide and celebrated as unique pieces of Motorcycle Art. Since 1945, the brand has become a reference point in the industry, having won 37 World Championship titles. A record is still undisputed.
About PIERER Mobility
PIERER Mobility AG is the holding company of Europe’s leading manufacturer of powered two-wheelers, producing a full range of premium brands, including KTM, GASGAS and Husqvarna Motorcycles.
With key strengths in innovation, PIERER Mobility is a pioneering technology leader in two-wheeled e-mobility through its motorcycle brands.
Its Husqvarna E-Bicycles, GASGAS Bicycles, FELT Bicycles and R Raymon complement the two-wheeler segment. High-performance components produced under the WP brand and KTM X-BOW high-end sports cars surround the premium brand offering.
In the 2021 financial year, PIERER Mobility AG achieved record sales of € 2.1 billion and EBIT of € 193.5 million while employing more than 5,000 people.
Source : Rideapart , MV Agusta, KTM AG