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FUSHIGI
Join Date: Feb 2006
Location: somewhere between here and there
Posts: 10,813
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Bajaj Auto is acquiring Pierer Industries’ stake in the parent company of KTM, Husqvarna, and Gas Gas, in a deal estimated to be worth €800 million (US$901.8 million) and is expected to be completed by May 2026 (pending regulatory approval, of course).
The Indian company already owns a 49.9% stake in Pierer Mobility, the parent company of the three motorcycle brands. The remaining 50.1% is owned by Pierer Industrie AG, but today, Pier Industrie and Bajaj reached an agreement to transfer it all to Bajaj.
https://www.motorcycle.com/bikes/news/bajaj-to-acquire-ktm-44622745
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