MV Agusta now majority-owned by PIERER

In November 2022, KTM AG, a subsidiary of PIERER Mobility AG, acquired 25.1 per cent of MV Agusta Motor S.p.A., primarily based in Varese (Italy), as a part of a capital enhance.

As a part of this cooperation, KTM AG took over the availability chain and buying of MV Agusta in October 2023. As well as, MV Agusta’s product vary can be distributed partly through PIERER Mobility’s world gross sales community.

The decision possibility granted to KTM AG on the premise of the annual monetary statements as of December 31, 2025 to amass a majority stake in MV Agusta Motor S.p.A. will now be exercised prematurely. The acquisition worth for the remaining 25 per cent of the shares was calculated in accordance with the beforehand agreed valuation methodology (EBITDA a number of).

MV Agusta is now on observe to realize internet revenue for the primary time in a few years. In 2023 alone, MV Agusta launched 5 new fashions, and all restricted sequence had been offered out inside hours of their launch. Moreover, a brand new vendor community was established.

KTM AG will take over the bulk and likewise the commercial administration of MV Agusta Motor S.p.A. Within the medium time period, an annual manufacturing quantity of greater than 10,000 MV Agusta premium bikes is deliberate on the web site in Varese.

Hubert Trunkenpolz, member of the manager board of PIERER Mobility AG, is taking on the position of CEO and Chairman from Timur Sardarov, who will proceed to be out there to the corporate as Vice-Chairman, model ambassador and advisor.

The Sardarov household will keep joint management and a 49.9% stake within the firm.

Timur Sardarov

“MV Agusta embodies ardour and a novel sense of romance that captivated me, a seasoned entrepreneur, from day one. The private problem of guiding the corporate out of disaster and steering it in the direction of success by means of progressive enterprise methods, group growth, and new product developments has been conquered. It’s an honor to play a task in shaping MV Agusta’s legacy. Over the previous 5 years, each the corporate and I’ve advanced considerably. Our progress collectively is a testomony to the transformative journey we’ve shared. My time with MV Agusta has been a pivotal chapter in my life, full of mutual joys and challenges. As I proceed to function a devoted Vice-Chairman, I’m dedicated to supporting the corporate and its ongoing success.”