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BREAKING NEWS: BMW SELLS HUSKY TO PEIRER INDUSTRIE AG: THAT ISN'T EXACTLY KTM, BUT IT'S AS CLOSE AS YOU CAN GET

Stefan Peirer, the man behind the revival of KTM, has bought Husqvarna from BMW; Although Peirer owns the majority share of KTM, this purchase is via another investment group
  



Press release: "The BMW Group is realigning its BMW Motorrad business. In the context of changing motorcycle markets, demographic trends and increasing environmental demands, BMW Motorrad will expand its product offering to exploit future growth potential..."

"Therefore the BMW Group signed a purchase agreement with Pierer Industrie AG (Austria) for the acquisition of Husqvarna Motorcycles. The acquisition will proceed subject to approval by anti-trust authorities. Both companies have agreed not to disclose the purchase price."

For more information on the sale, go to Motocross Action's Friday News Report on the home page.




 

JULY 2013 VOLUME 41, NUMBER 7
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