Think again to October 2023. If you are the kind of individual to comply with KTM, MV Agusta, or the motorbike business generally, you may recall that is when KTM mum or dad firm Pierer Mobility publicly stated its strategic plan to deepen its cooperation with MV Agusta.
How did it plan to do that, precisely? At the time, Pierer stated it might do that with a name possibility on a majority stake in MV Agusta, to be exercised someday in spring 2026.
It’s solely spring 2024, although, so why are we giving an replace? Because on March 15, 2024, Pierer Mobility formally introduced that it is performing an early takeover of a majority stake in MV Agusta.
As with the plan that was beforehand introduced, it is nonetheless doing this by way of the decision possibility; that half hasn’t modified. What has modified is basically simply the timeline. It’s doing this by way of subsidiary firm KTM AG, which is able to now buy a further 25 p.c of MV Agusta shares, for a complete of fifty.1 p.c of shares within the Varese-based OEM.
In addition to taking a majority stake in MV Agusta, KTM will even take over industrial management of MV Agusta. It plans to ramp up manufacturing quantity on the Varese manufacturing facility to over 10,000 bikes yearly, and previously announced plans to modernize the factory in order to facilitate just such a move back in July 2023.
MV Agusta Is Also Getting A New CEO
In addition to asserting the early takeover of MV Agusta, Pierer Mobility additionally concurrently introduced that Pierer Mobility AG executive board member Hubert Trunkenpolz will now turn out to be the brand new CEO and chairman of the board for MV Agusta. He will take over each positions from Timur Sardarov, who will “continue to be available to the company as Vice-Chairman, brand ambassador, and consultant.”
What does Sardarov must say about all of this? He posted the next assertion on his official Instagram account following the Pierer announcement.
We’re concerned with seeing what the longer term now holds, as questions come up whether or not or not MV Agusta be a fourth model to share engines and platforms with KTM, Husqvarna, and GasGas, or will or not it’s one thing extra?
The principal factor that units MV Agusta aside within the minds of followers worldwide is all the time its distinctive method to design, with creations which can be like nobody else’s.
That’s by no means meant as a backhanded praise to Kiska, which creates loads of cool stuff that has fans of its own. But it is exhausting to argue that MV Agusta very a lot has its personal design language and persona, so it will likely be fascinating (and maybe barely demanding, if I’m trustworthy) to see how that evolves transferring ahead.
Here’s hoping for the very best.