The news may not be that surprising, but the timing is. The Pierer Group has accelerated its takeover of MV Agusta, now acquiring a majority stake of 50.1%, in line with a plan that only envisaged this step in 2026. The Austrians had entered in November 2022 with the acquisition of 25.1% and direct management of supplies and the commercial area of the Schiranna brand.
Subsequently, there was a plan for a gradual acquisition of the majority and, consequently, the increasing entry of MV into the dynamics of the Pierer Group. Formally, however, everything has so far remained under the control of Timur Sardarov, the Russian businessman who bought MV Agusta in September 2019 and who will now remain in the less operational role of vice-president to ensure a smooth handover.
We don’t know the motivations behind KTM’s decision to take advantage so soon of the option initially foreseen until December 2025 to increase its shareholding. What all fans are hoping for is to see a major renovation project. The new president and CEO will be Hubert Trunkenpoltz, number two and member of the KTM board of directors.