MV Agusta announced in early November that PIERER Mobility AG would purchase a 25.1% stake.
Today, we see that KTM's parent company had to raise €30 million in capital - a price that seems just right, considering how happy both parties are now that the deal's sealed.
In a report from Motorcycle.com, Timur Sardarov, CEO of MV Agusta Motor S.p.A., says he's excited about this important agreement with KTM AG.
As part of our alliance, we'll consolidate our core business and produce high-performance motorcycles in the premium segment, driven by our shared vision of excellence.
As of today, two extra chairs have been removed from their proverbial bubble wrap to house the cabooses of two KTM executives.
What's in store for Agusta?
The cross-manufacturing deal details (and KTM's nature) make us think quality bikes are one of the goals...the main focus is ease of distribution.
MV Agusta will now have a wider distribution network since KTM's distributors are all over the U.S., Canada, and Mexico. A dedicated US-based legal entity will be responsible for all MV Agusta operations in North America, according to KTM AG.
MV Agusta's about to get access to a whole new crowd - and we're here to help.
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