KTM sells Italian motorcycle manufacturers MV Augusta again

The Pierer-Mobility subsidiary KTM Jobs their shares acquired in recent years in the Italian motorcycle manufacturer MV Agusta Motor Spa Again, KTM announced on Friday evening. It was not until November 2022 at 25.1 percent at MV Augusta, in spring 2024 the company then acquired another 25 percent and thus the majority (50.1 percent) on the company.

At that time there was no information about the purchase price of the shares, now the proportion “to the company value (Enterprise Value) in the middle double -digit million range” is to be sold, according to KTM. The buyer is the minority shareholder Art of Mobility SA The deal must still be approved by the authorities. The transaction should be completed in the first half of 2025.

Renovation and restructuring attempt

The group has been in financial difficulties for months, and a large-scale renovation and restructuring attempt is currently underway. The parent company Pierer Industries has been in a European restructuring process since November, KTM has filed for bankruptcy. At the KTM-Mutter Pierer Mobility If you are looking for fresh money and for investors, the shareholders recently agreed to a large capital increase.