Intensive negotiations have taken their position in recent weeks: it is now clear: KTM is promoting its majority participation in MV Agusta. The motorcycle manufacturer, which had fallen into insolvency, had had the 50. 1% participation since March 2024. The shareholder of the previous minorities buys the shares of the Italian luxury logo for a million euros in the two digits of Half digit.
In November 2022, KTM AG acquired 25.1 percent of MV Agusta Motor S.p.A., and in March 2024, the Mattighofen-based company increased its shares to a total of 50.1 percent and thus acquired a majority stake in the Italo luxury brand – less than a year later, it’s now all over!
From the reorganization process, KTM sold MV shares Agusta in Art of Mobility S. A. , a corporate Luxembourg that already had the remaining 49. 9 % of MV Agusta. The government will bring an average sum with two figures of one million euros in KTM chests.
“More than two hundred million euros in swallowed money” is an end with horror for KTM, because the CEO Gottfried Neumeister had just explained in the ordinary general assembly of Pierrer Mobility AG on Monday that “the acquisition of MV Agusta and the financing of losses He took a position at a time when the company was already in crisis last year. ” organization and swallowed more than two hundred million euros of liquidity. “
Production capacity was to be expandedWhen KTM announced the majority takeover in March 2024, it also emphasized that the site in Varese was to be expanded in order to increase capacity. The aim was to produce more than 10,000 premium motorcycles. Former Pierer Mobility board member Hubert Trunkenpolz took over the management role at MV Agusta. The previous boss, Timur Sadarov, remained on board as Trunkenpolz’s deputy and as a brand ambassador and consultant. KTM had already taken over responsibility for the supply chain and purchasing for the Italian luxury brand in October 2003. MV Agusta is celebrating its 80th anniversary this year. Sadarov is also behind Art of Mobility S.A., which has now secured the 50.1 percent stake.
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