BREAKING: 2024 KTM 250 Duke Launched With A New Colour Option
- Apr 3, 2024
- Views : 3429
KTM AG has increased its ownership stake in MV Agusta to 50.1%, the Austrian manufacturer’s parent company Pierer Mobility AG has announced. This means, KTM AG is now the majority owner of the Italian manufacturer.
In November 2022, KTM AG acquired a 25.1% ownership stake in MV Agusta, and took over the supply chain and purchasing of the Varese-based manufacturer in October 2023. KTM AG was earlier granted a call option to acquire a majority stake in MV Agusta based on the financial statements of December 31, 2025. But that call option has now been exercised prematurely leading to KTM now acquiring the 50.1% ownership stake.
Royal Enfield Continental GT 650 vs Triumph Thruxton 400: Buy Or Hold?
Royal Enfield Bullet 650 Spied In Europe: Retro Looks With 650cc Performance
MV Agusta has been in need of a partner capable of expanding its manufacturing capabilities and distribution channels in order to make the brand more sustainable, for years now. For instance, MV Agusta was in talks with Chinese brand, Loncin, in 2019 for the above-mentioned purpose but the deal allegedly fell through. So, with this new development, KTM will take over the industrial management of MV Agusta as well with a plan for an annual production volume of more than 10,000 units at the Italian manufacturer’s site in Varese.
While Timur Sardarov was the CEO and Chairman of MV Agusta’s board of directors, that position has now been taken over by Hubert Trunkenpolz. Hubert has been a member of the Executive Board of KTM AG since 2004. In fact, the T in KTM stands for Trunkenpolz. That said, Timur will now be the Vice-Chairman, brand ambassador and consultant for the Italian brand.
What do all these mean for prospective buyers, you ask? Well, with KTM having more control over MV Agusta’s operations, we could see an accelerated expansion spree in developed markets. Will KTM have more say in MV Agusta’s smaller capacity bike development? That’s something we’ll have to see. For one, we can’t wait to see a Brutale 390 some day!
BREAKING: 2024 KTM 250 Duke Launched With A New Colour Option
BREAKING: 2024 KTM RC And Adventure Range Launched With New Colours
2024 KTM 390 Adventure and 390 Adventure R Spied Testing Together In...
2024 KTM RC 8C Launched Abroad; KTM Cup Returns For A 2nd Season!
KTM And Husqvarna Bikes Receive 5-Year Extended Warranty For Free
Upcoming Two-Wheeler Launches In March 2024
Bajaj Pulsar NS400 India Launch In April 2024
EXCLUSIVE: Upcoming Bajaj CNG Bike Spotted Testing Again
Yezdi 500cc Retro Bike, Yezdi Streetfighter 334, And Adventure Rally...
BREAKING: Ather Rizta Electric Scooter To Launch On April 6
India's largest automotive community