At the beginning of November, PIERER Mobility AG announced its goal of obtaining a 25. 1% stake in MV Agusta.
Today, we see that the move cost KTM’s parent company €30 million in a capital build-up, a value that is fair to the deal, given the satisfaction of both parties now that the deal has been sealed for the archives. .
“I am extremely happy with this agreement and extremely happy to welcome KTM AG, Europe’s leading manufacturer of two-wheelers, to the MV Agusta family,” said Timur Sardarov, CEO of MV Agusta Motor S. p. A. in a report by Motorcycle. com.
“Driven by our shared vision of excellence, the main objectives of our alliance will be the consolidation of our core and the production of high-performance motorcycles in the premium segment. “
To date, two more chairs have been stripped of their proverbial bubble wrap to space out the cabins of two members of the KTM control team and sign in to the board of directors of MV Agusta.
Wondering what is planned for Agusta’s long term?
Based on the main points of the cross-manufacturing agreement (and the nature of KTM), we believe that quality motorcycles will be one of the objectives. . . being the main objective the ease of distribution.
Since KTM’s suppliers are spread out across the US, Canada and Mexico, ADVPulse tells us that MV Agusta will now have broader access. Promotion and visitor service will be handled through KTM AG, which is expected to “create a committed legal entity in the United States. ” that will be blamed for all MV Agusta operations in North America. “
In short, the MV Agusta is about to win a new total shipment from consumers, and that’s what we’re here for.
Stay tuned, leave a comment to let us know what you think and, as always, stay in the corners.
wBW provides subjective reviews and facts about hard-to-find motorcycle products. Our reviews are practical, detailed and unbiased.
Learn about us. A department of A07 Online Media, LLC.