Efficient, money-making, money-saving decisions like this are what KTM’s parent group, PIERER Mobility, is all about – which is why, last week, they announced that they would ALSO be buying out over a quarter of MV Agusta.
25.1%, to be exact.
“Right now, MV Agusta is owned partly by KTM, and also partly by Black Ocean Group, a mysterious investment group comprised of rich Russians and Brits,” comments a report from CanadaMotoGuide.
“PIERER Mobility will provide MV Agusta with supply chain support and take over the purchasing. Furthermore, in the course of this cooperation, MV Agusta will partly distribute its product range via PIERER Mobility’s worldwide distribution network.”
The new purchase comes with a willing, voluntary entanglement into the current ownership of both brands; currently, KTM is partially owned by Bajaj Auto, with further partnerships (Husqvarna/GasGas/CFMoto and other names like WP) further clouding the waters on who owns what.