Already owning 25.1% of MV Agusta Motor S.p.A., KTM AG has now exercised an option to acquire enough additional shares to take majority control (50.1%) of MV.
Here is the press release issued by the parent company PIERER Mobility AG:
- Call option to acquire majority stake in MV Agusta Motor S.p.A. to 50.1% exercised prematurely
- KTM is taking over industrial leadership
- Site expansion and capacity increase planned in Varese
Call option to acquire majority stake in MV Agusta Motor S.p.A. to 50.1% exercised prematurely
In November 2022, KTM AG, a subsidiary of PIERER Mobility AG, acquired 25.1% of MV Agusta Motor S.p.A., based in Varese (Italy), as part of a capital increase. As part of this cooperation, KTM AG took over the supply chain and purchasing of MV Agusta in October 2023. In addition, MV Agusta’s product range is also distributed in part via PIERER Mobility’s global sales network. The call option granted to KTM AG on the basis of the annual financial statements as of December 31, 2025 to acquire a majority stake in MV Agusta Motor S.p.A.will now be exercised prematurely. The purchase price for the remaining 25% of the shares was calculated in accordance with the previously agreed valuation method (EBITDA multiple). This means that KTM AG will take over the majority and also the industrial management of MV Agusta Motor S.p.A. In the medium term, an annual production volume of more than 10,000 MV Agusta premium motorcycles is planned at the site in Varese.
New CEO position filled by Hubert Trunkenpolz
With the early takeover of the majority and as a commitment to the location and responsibility for the employees, Hubert Trunkenpolz, member of the executive board of PIERER Mobility AG, is taking over the role of CEO and Chairman of the board of directors from Timur Sardarov, who will continue to be available to the company as Vice-Chairman, brand ambassador and consultant.
MV are still the design and styling leaders by far (especially the Superveloce). Ducati should poach some of MV’s guys.
23467890Qertyuisas fm
MV is MV.
Agostini, Read.
I wonder if KTM will move the production to China like it has with several of its own models?
If MV’s are to remain expensive and exclusive then it’s highly unlikely that they’ll be produced in China, where higher volumes are necessary to take advantage of their production capabilities and cost savings.
I hope they continue to make their own engines so when I never buy one it will be unique and not just a KTM clone.
I hope they replace the Miami, FL dealership which provides appaling service.
I hope they find another dealer in Miami since the one they have now provides appaling service.
I really hope this is great news for MV. I would be curious how they handle adding MV into their large dealership network here in the USA. The local Ducati dealers dried up after the FBI raid on Ducati USA. This has left the door open for an expensive replacement to fill the floor on for those well healed riders always looking for something unique.
I wonder if within a few months KTM will sell it back to MV for $10.00 ? That’ll show that ol’ Harley-Davidson!
ORT
Great now give Husqvarna and MV Augusta each a team in MotoGP and lets start making the Ducatis sweat a bit more.
Marquez on an MV ’25
I like the plan, will be great seeing MV’s in my local shop. MV is one the few bikes I’ve not purchased due to availability.
Strange move considering KTM generally doesn’t do sportbikes and that MV hasn’t really created any buzz in decades.
The KTM RC 990, RC 390, and RC 125 are sportbikes.
So is the entire line of Dukes, despite not having fairings. Parsing by bodywork is semantics in this day and age.
rC 990 is vaporware
I still wish theyd’ve kept the RC8 going. I never got to ride one darn it.
A limited edition track only RC8C is available now for pre-order. It’s basically a Kramer GP2-890RR.
I was unaware of the other RC models. When KTM killed the original RC8 they said that they weren’t going to do that sort of thing and I guess I took their word for it.
This is good news for the MV Agusta brand, as it helps with survive-ability. I don’t think Pierer has made this investment to ensure business as usual. It will be interesting to see what becomes of the brand when production increases happen – a mass produced specialty brand.
Yeah, really interesting. Especially considering what Pierer said about Italian manufacturing during the Husqvarna purchase (Wouldn’t have anything to do with it).