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.
The East Indian metal company Electrosteel Steels Ltd. may bring in fresh investors to cover up for the excessive costs incurred in setting up the integrated steel plant at Bokaro, Jharkhand, BL states.
In what could be the second largest buyout after the Flipkart-Myntra deal, OlaCabs is said to be acquiring rival TaxiForSure for about $200 Mn (c.R1,200Cr) in a cash and stock deal.