"KTM, Europe's largest two wheeler manufacturer in volumes, in which Bajaj AutoBSE 1.26 % owns 47% stake has acquired 100% stake in cult motorcycle brand - Husqvarna from its German rival BMW Motorrad.

In a press statement, BMW Group confirmed stating it has signed a purchase agreement with Pierer Industrie AG (Austria) for the acquisition of 100-year old Husqvarna Motorcycles. The acquisition will proceed subject to approval by anti-trust authorities. Both companies have agreed not to disclose the purchase price. It was sold to Italian motorcycle group Cagiva and became part of MV Agusta Motor S.p.A, in 1987. BMW acquired Italian firm Husqvarna from MV Agusta in 2008.

ET learns from a source close to the development that Stefan Pierer, CEO of KTM has acquired 100% stake in Husqvarna, in his personal capacity from BMW. Husqvarna, a 100 year-old Swedish brand will eventually be transferred to KTM by Pierer.

The deal was finalised last week in Europe.

The acquisition will strengthen KTM's presence in Europe and will help the Austrian brand maintain its leadership position. KTM recently overtook BMW and the acquisition will help KTM create a second brand in the region. "


in
http://economictimes.indiatimes.com/new ... 276284.cms

ups sorry não tinha visto o outro topico
podem apagar