KTM purchases controlling stake in MV Agusta

KTM’s parent company, Pierer Mobility, has now purchased a majority stake in Italian brand MV Agusta, 20 months before its previously announced option to do so, following on from the Austrian giant acquiring a 25.1 per cent share in the historic marque in November 2022.

The premature completion of the five-year plan comes five months after Pierer Mobility took over the supply chain and distribution of MV models, and well before the expected takeover date December 31, 2025.

The KTM group has now purchased another 25 per cent of MV Agusta, giving it a controlling 50.1 per cent share with the Sardarov family retaining joint control with a 49.9 per cent stake in the company.

Exercising the option early means MV’s CEO Timur Sardarov will step down from the role, but says he’ll remain very much involved in his new role as Vice Chairman.

“The personal challenge of guiding the company out of crisis and steering it towards success through innovative business strategies, team expansion, and new product developments has been conquered,” Sardarov said. “Over the past five years, both the company and I have evolved significantly. Our growth together is a testament to the transformative journey we’ve shared.

“My time with MV Agusta has been a pivotal chapter in my life, filled with mutual joys and challenges. As I continue to serve as a dedicated Vice Chairman, I am committed to supporting the company and its ongoing success.

“It is an honour to play a role in shaping MV Agusta’s legacy.”

Hubert Trunkenpolz, who has worked with KTM since the early 1990s, is taking over the role of CEO.