The negotiations have been done intensively in recent weeks – now it is clear: KTM sells the majority to MV Agusta. The motorcycle manufacturer, which went bankrupt, had only kept 50.1 percent since March 2024. For an average double million million amount, the previous minority shareholder buys the shares in the Luxury brand of Italo.
In November 2022, KTM AG Tok over 25.1 Percent at the MV Agusta Motor Spa, in March 2024 The Mattigheners Increased the Shares to 50.1 Percent and thus Tok over the Majority in the Italo Luxury Brand-Less Than A Year Later Now It Means: EveryThing !
As part of the renovation process, KTM sold the shares in Art of Mobility SA, a company in Luxembourg that had kept all the remaining 49.9 percent of MV Agusta. KTM is flushed by the deal, which still has to be approved by committees and authorities, an amount with a medium -sized double digital million.
“Different than 200 million euros in liquidity”
It is definitely an end to KTM, because CEO Gottfried Neumeister only stated on Monday in the extraordinary general meeting of Pierer Mobility AG that “the acquisition of MV Agusta and the loss financing took place at a time when the company was actually in a crisis last year “. Neummeister continued: “The payment of the purchase price, but also the loss financing and the financing of the working capital of this company came for the group on an unreachable and devoured more than 200 million euros in liquidity.”
The production capacity must be expanded
When KTM was aware of the majority takeover in March 2024, it was also emphasized that the location in Varese had to be expanded to expand the capacities. They wanted to make more than 10,000 premium motorcycles. Ex-Pierer Mobility Board member Hubert Trunnenpolz took over the most important role at MV Agusta. The previous boss, Timur Sadarov, remained on board as the deputy of Trunnenpolz, as well as as a brand ambassador and consultant. In October 2003, KTM took responsibility via the Supply Chain and the purchase for the Luxury brand Italo. MV Agusta is celebrating its 80th birthday this year. Sadurov is also behind the art of Mobility SA, which has now protected 50.1 percent.
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.
