PIERER Mobility AG / KTM
MV Agusta Sale
February 1, 2025 replace
In November 2022, KTM AG, a subsidiary of PIERER Mobility AG, acquired 25.1% of MV Agusta Motor S.p.A., based mostly in Varese (Italy), by the use of a capital enhance and elevated its shareholding to 50.1% in spring 2024.
KTM AG has reached an settlement to promote its majority stake in MV Agusta to the minority shareholder Artwork of Mobility S.A. for an enterprise worth within the mid double-digit million vary. The transaction is topic to the approval or non-prohibition of committees and authorities. The transaction is predicted to be finalised within the first half of 2025.
MV Agusta has subsequently confirmed that Artwork of Mobility S.A., an organization managed by the Sardarov household, will regain full management of the MV Agusta Group, formally marking its separation from KTM. This ensures that MV Agusta stays utterly uninvolved in KTM’s ongoing monetary restructuring course of, permitting the corporate to proceed its optimistic development path.
Over the previous 18 months, MV Agusta has strengthened its monetary stability underneath a completely revitalised administration staff. In 2024, the corporate bought 4,000 bikes, attaining an annual development charge of 116 per cent in comparison with 2023, with final 12 months’s complete gross sales already matched by July. 2024 additionally marked MV Agusta’s greatest 12 months ever in elements gross sales, with a 99 per cent availability charge masking fashions produced as much as seven years in the past.
With this transfer, the corporate additionally goals to safeguard its valued community of suppliers and sellers, shielding them from any potential monetary disruptions, preserving them from being affected by KTM’s restructuring course of, and reinforcing MV Agusta’s stability and dedication to its stakeholders.
As for MV Agusta’s world gross sales community, all 219 energetic gross sales factors, together with 41 service factors, will proceed enterprise as traditional, with the overall quantity anticipated to succeed in 270 this 12 months. Moreover, 20 non-European importers are already a part of the distribution community.
The corporate has the whole lot in place to proceed its optimistic enlargement and to maintain delivering on its commitments. MV Agusta’s operations stay totally impartial, with Varese proudly persevering with to function the central hub for all key actions, together with product growth, manufacturing, gross sales, advertising and marketing, and after-sales companies. The event of the subsequent era of bikes is progressing as deliberate, paving the way in which for a renewed, revolutionary, unique vary and, as all the time, centered on celebrating its well-known declare ‘Motorbike Artwork’.
Timur Sardarov – CEO of Artwork of Mobility S.A.
“It is a second of satisfaction for all of us at MV Agusta. Regaining full management of the corporate means we are actually stronger and extra centered than ever on delivering excellence. Over the previous two years, the corporate has considerably strengthened its processes, programs, and workforce. These structural adjustments are the muse of the extraordinary outcomes achieved in 2024 and can proceed to drive our success within the years to return. I’ve full confidence in our management staff, whose imaginative and prescient, mixed with the dedication and professionalism of our renewed vendor community, will take MV Agusta to new heights. My dedication, and that of my household, is to be an important drive for the Varese staff, the area, and all our companions.”
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