- October 25, 2023
As reported earlier, KTM already has a 25.1% ownership interest in the Italian Manufacturer MV Agusta. KTM has plans in place to acquire a majority interest in MV in Spring, 2026, as indicated in the short press release below.
We understand that KTM (part of the PIERER Mobility Group) has long-term plans for MV Agusta that include a dramatic increase in annual production (currently not much more than 1,000 units). It is expected KTM will leave MV Agusta with its manufacturing plant in Varese, Italy, and continue the brand’s focus on ultra-premium motorcycles.
Here is the announcement from PIERER/KTM:
KTM AG and MV Agusta agree call option on majority stake
In November 2022, KTM AG, a subsidiary of PIERER Mobility AG, by ways of a capital increase acquired a 25.1% stake in MV Agusta Motor S.p.A., based in Varese (Italy). As part of this cooperation, KTM AG took over the supply chain and purchasing for MV Agusta in October 2023. In addition, MV Agusta’s product range is distributed through PIERER Mobility’s worldwide sales network.
The call option granted to KTM AG on the basis of the annual financial statements as of December 31, 2025 to acquire a majority stake in MV Agusta will be exercised in spring 2026.
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