Bajaj Auto restructures its shareholding with PIERER Mobility AG, increasing its stake in KTM AG from 51.7% to 98.2% through a series of strategic share exchanges and a capital increase of EUR 895 million.

Information on the Target

KTM AG, based in Austria, is a prominent manufacturer in the motorcycle industry and is known for its high-performance off-road and sport motorcycles. Originally founded in 1953, KTM has established a significant presence in the global motorcycle market and is recognized for its focus on innovation and extreme performance. The company's portfolio includes a range of motorcycle models, accessory segments, and associated lifestyle products committed to quality and advanced engineering.

With its strategic initiatives, KTM AG has sought to enhance its production capabilities and market reach, aiming to cater to a broader audience while maintaining its reputation for quality and performance. This growth is facilitated through partnerships and shareholding adjustments, such as those recently initiated with Bajaj Auto.

Industry Overview in Austria

The motorcycle industry in Austria has experienced significant advancements, particularly in engineering and design, leading to a rising demand for high-quality motorcycles. The market is characterized by a blend of traditional craftsmanship and modern t