KTM-Bajaj Auto To Acquire Husqvarna From BMW
Austrian motorcycle company – KTM which is partly owned by Bajaj Auto is in advance talks with BMW to acquire the BMW Group’s subsidiary Husqvarna.
If the deal goes through it will offer Bajaj Auto with a range of serious off-road products with proven credentials and a pipeline for the future as well.
BMW acquired Italian firm Husqvarna from MV Agusta in 2008. After acquisition, BMW spent good amount to develop and improve the Husqvarna brand.
Many new road bikes and off-road bikes were introduced to replace the older line-up. BMW developed bikes like the Nuda 900 which was an extremely aggressive and powerful motorcycle.
Husqvarna is around a 100 year old Swedish brand. Later it was sold to Italian motorcycle group Cagiva and became part of MV Agusta Motor S.p.A, in 1987.
All development, production, design, sales and marketing activities are centralized in Husqvarna Motorcycles' worldwide headquarters in Varese, Italy.
Husqvarna has a range of off-road, supermoto and street bikes, including the Nuda 900 and TR650 range of street bikes, SMR 630, 511, 125 and SMS 125 range of supermoto bikes, the TXC cross country range, the TE Enduro range as well as a mini cross range.
KTM Power Sports AG engages in the development, production, and distribution of motorized recreational vehicles and sports cars. It primarily offers race-ready off-road and street motor cycles, as well as ATVs primarily under the KTM and HUSABERG brand names.
Bajaj Auto is the second-largest shareholder in KTM , while the other large shareholders-Stefan Pierer and Rudolf Knuhold more than 51% stake.
Last January, Bajaj Auto launched KTM Duke 200 and it is planning to launch KTM Duke 390 by this march and in April acquired additional 6.3% stake in Austria based KTM Power Sports AG, taking its stake to around 47%.
Recently, Hero Motocorp partnered with European companies for design and technology
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|2013-01-31||BMW - Husqvarna- Bajaj Auto,KTM||M&A||
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