KTM Acquires 25% Stake In MV Agusta

KTM AG, part of the Pierer Mobility Group, has acquired a 25.1 percent stake in Italian sportbike manufacturer MV Agusta, by way of a capital increase.The move is part of a strategic cooperation between MV Agusta and KTM’s parent firm, Pierer Mobility, that’s intended to see the latter assist MV by supporting its supply chain and taking over the company’s purchasing. Pierer Mobility will also take on partial responsibility for distributing MV Agusta’s product range.Italy’s Moticiclismo reports that ‘reliable sources’ say due diligence has been undertaken with the intention that KTM will eventually have the opportunity to buy MV Agusta in its entirety.The Pierer Mobility Group, also owns GasGas, Husqvarna, and WP Suspension.