“Is everything on track or is the deal still off?” The bankruptcy of motorcycle manufacturer KTM does not allow these questions to be silenced by Rosenbauer. The world’s largest fire service supplier is about to bring Robau, an investor, on board. In addition to Red Bull heir Mark Mateschitz and Raiffeisen Upper Austria, KTM boss Stefan Pierer is also behind the company.
The report from Brussels came amid the turbulence at KTM: on November 19, the European Commission gave the green light for Robau to join Rosenbauer, paving the way for the newly founded company of Stefan Pierer, Red Bull heir Mark Mateschitz and Raiffeisen Upper Austria will acquire the majority of Leonding’s fire equipment supplier.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
