MV Agusta and PIERER Mobility enter strategic cooperation agreement.
The strategic partnership between the two European motorcycle manufacturers, KTM AG, a company of PIERER Mobility, will give MV Agusta supply chain support and take over the purchasing. MV Agusta will also partly distribute its product range via PIERER Mobility’s worldwide distribution network.
The agreement sees KTM AG acquire a 25.1% stake in MV Agusta Motor S.p.A.
The agreement
- Worldwide distribution support
- KTM takes over purchasing
- Acquisition of 25.1% of MV Agusta
MV Agusta is one of the world’s leading premium motorcycles manufacturers. Based in Varese, in Northern Italy, it crafts legendary racetrack-derived bikes. Iconic design and class-leading performance through advanced technologies and materials make MV Agusta motorcycles admired the world over and celebrated as unique pieces of Motorcycle Art. Since 1945, the brand has evolved to become a point of reference in the industry, having won 37 World Championship titles. A record still undisputed.
PIERER Mobility AG is the holding company of Europe’s leading manufacturer of powered two-wheelers, producing a full range of premium brands including KTM, GASGAS and Husqvarna Motorcycles. With key strengths in innovation, PIERER Mobility is a pioneering technology leader in two-wheeled e-mobility through its motorcycle brands. Its Husqvarna E-Bicycles, GASGAS Bicycles, FELT Bicycles and R Raymon complement the two-wheeler segment. Rounding out the premium brand offering are high-performance components produced under the WP brand and KTM X-BOW high-end sports cars. In the 2021 financial year, PIERER Mobility AG achieved record sales of € 2.1 billion and EBIT of € 193.5 million, while employing more than 5,000 people.