KTM reportedly set to increase its stake in MV Agusta
KTM top brass has confirmed that the brand seeks to acquire a majority stake in MV Agusta.
It is widely known that KTM has shown a significant interest in the renowned Italian motorcycle brand, MV Agusta. The year 2022 marked a significant development in this regard, as KTM made a public announcement about taking over MV Agusta's North American distribution. This move allowed KTM to strengthen its presence in the North American market by leveraging the popularity and reputation of MV Agusta's motorcycles.
However, KTM's interest in MV Agusta did not stop there. In November of the same year, KTM further solidified its relationship with MV Agusta by acquiring a 25.1-percent stake in the company. This strategic investment not only demonstrated KTM's commitment to collaboration but also positioned them as a key player in shaping MV Agusta's future.
Now we come to May 2023, where another important figure from KTM has added fuel to the ongoing discussions. Hubert Trunkenpolz, a member of KTM's executive board, recently confirmed that the company has plans to acquire a majority stake in MV Agusta. According to reports, Trunkenpolz stated, "It's correct that I said it like that! The shares will be increased over time - the shareholders have agreed not to disclose the timetable.” With this statement, Trunkenpolz has revealed KTM's intention to further increase its ownership in MV Agusta, signaling a potentially significant development in the future of the two companies' partnership.
Furthermore, Trunkenpolz elaborated on KTM's plans to invest in the future development of the MV Agusta plant within the next two years. The focus of these investments would be on optimizing the facility to enhance its production capacity for motorcycles. Notably, Trunkenpolz emphasized that the expansion of the workforce was a crucial aspect of these plans, reassuring those who were concerned about the preservation of MV Agusta's unique identity. He made it clear that the intention was to create more employment opportunities rather than resorting to layoffs.
Trunkenpolz also confirmed that MV Agusta would continue to operate in Italy, dispelling any speculation about a potential relocation to Mattighofen, where the KTM/Husqvarna/GasGas headquarters are located. This commitment to keeping MV Agusta rooted in Italy underscores KTM's respect for the brand's heritage and its desire to maintain its distinct Italian character.
Tagged Under
Related Articles
-
LTFRB to halt expansion of motorcycle taxis in NCR / News
The LTFRB has announced that it’s putting a stop to the expansion of motorcycle taxis within Metro Manila.
-
Motociclista Scatola Inc. takes over Royal Enfield distribution in the Philippines / News
Motociclista Scatola Inc. also known as Bikerbox has taken over local distributorship of Royal Enfield.
-
KTM unveils 1390 Super Duke R Evo, the biggest Super Duke yet / News
KTM has pulled the covers off the 2024 1390 Super Duke R Evo, marking 30 years of the Duke naked bike range.
-
KTM unveils 2024 790 Adventure / News
KTM has pulled the covers off the 2024 790 Adventure, boasting improved engine and suspension performance.
-
KTM unveils the highly anticipated 990 Duke at EICMA 2023 / News
KTM has pulled the covers off the 2024 990 Duke at EICMA 2023.
Latest News
-
Royal Enfield announces global Rentals and Tours program / News
Royal Enfield announces its global Rentals and Tours program so you can travel the world and rent your favorite Royal Enfield motorcycle.
-
LTFRB to halt expansion of motorcycle taxis in NCR / News
The LTFRB has announced that it’s putting a stop to the expansion of motorcycle taxis within Metro Manila.
-
45th Bangkok International Motor Show 2024: What to expect at this year’s big event / News
The spotlight is on Bangkok as 49 of the world's most celebrated car and motorcycle manufacturers line up for the 45th Bangkok International Motor Show.