Big news today regarding Pierer Mobility (the parent company to KTM, Husqvarna, and GasGas) and MV Agusta, as the Austrian company is set to take a 25.1% ownership stake in the Italian manufacturer.
The news comes just a couple weeks after it was announced that KTM North America would takeover distribution of MV Agusta's motorcycles in the United States, and quells rumors that have been circling about KTM's interest in the Varese brand.
Through a terse press release, the two companies have released few details on their strategic alliance, but it does seem that the ownership stake in MV Agusta comes with a lifeline of capital to keep Italian factory churning out exotic sport bikes.
The press release also explains that Pierer Mobility will takeover the supply chain and purchasing for MV Agusta, and that KTM et al will handle distribution for MV Agusta in certain unnamed markets - like what has already been announced in the USA.
Source: MV Agusta
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