Big news today regarding Pierer Mobility (parent company of KTM, Husqvarna and GasGas) and MV Agusta, as the Austrian company is set to hold a 25.1% ownership stake in the Italian manufacturer.
This news comes just weeks after it was announced that KTM North America would take over MV Agusta’s motorcycle distribution in the United States, while also quelling rumors surrounding KTM’s interest in the Varese brand.
Through a brief press release, the two companies have revealed some details about their strategic alliance, but it appears that the ownership stake in MV Agusta comes with a source of capital to keep the factory going. Italy produces exotic sports bikes.
The press release also explains that Pierer Mobility will take over the supply chain and purchasing for MV Agusta, and that KTM et al will handle distribution for MV Agusta in some unnamed markets – like what published in the US.
Source: MV Agusta
