KTM AG acquires 25.1% stake in Italian maker MV Agusta

KTM takes a chunk of Italian motorcycle manufacturer MV Agusta after months of rumours around the two brands

PIERER Mobility buys stake in MV

KTM takes a chunk of Italian motorcycle manufacturer MV Agusta after months of rumours around the two brands

THE Pierer Mobility Group, which also owns KTM, GasGas, and WP Suspension, has acquired a significant stake in the legendary Italian bike maker MV Agusta.

The press release, received late yesterday afternoon, confirms that the Austrian motorbike giant has snaffled a not insignificant 21.1 per cent slice of the Varese-based brand. The deal comes just weeks after news that KTM and MV entered into a distribution agreement in North America had been made public. This distribution deal added fuel to the rumours that KTM was sizing up a more significant chunk of the Italian firm.

The move will see KTM and Pierer Mobility step in to assist MV with its supply chain support and purchasing, while it is also confirmed MV will partly distribute its range via Pierer’s worldwide distribution network. Exactly where these bikes will be distributed is unclear, although it seems like a similar deal to the one penned in the USA in September.

Full statement from MV Agusta

Varese, 3rd November 2022 – MV Agusta and PIERER Mobility have agreed on a 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, 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 MV Agusta Motor S.p.A., based in Varese (Italy), by way of a capital increase.

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