Bajaj Auto Takes Full Control of KTM, Husqvarna and GasGas
Indian motorcycle giant Bajaj Auto has taken full control of Austrian motorcycle manufacturer Pierer Mobility, which owns brands such as KTM, Husqvarna, and GasGas. The Extraordinary General Meeting on November 19 marks the start of a new era for these iconic European motorbike companies.Key TakeawaysBajaj Auto acquires full control over Pierer Mobility, including KTM and Husqvarna brands.The company will change its name to Bajaj Mobility AG and move headquarters from Wels to Mattighofen.This acquisition is expected to strengthen the global position of both companies through combined engineering and manufacturing capabilities.On November 10, the European Commission approved the takeover by Bajaj Auto, clearing the way for a complete ownership transfer. The deal includes Pierer Industrie AG...