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Thursday, July 24 2014 @ 08:49 AM ICT

Husqvarna Bought by KTM Boss

Motorcycle NewsHusqvarna, a Swedish motorcycle manufacturer until recently owned by BMW Group, has been bought by Stefan Pierer of KTM. Pierer's company, Pierer Industrie AG, and the BMW Group recently finalized the deal and made it official, though the purchase amount has not been disclosed as yet.

Following this deal, KTM boss Stefan Pierer holds the majority percentage stake in Husqvarna, though he has not made an announcement about the merger of KTM and Husqvarna. He reveled that in two years new Husqvarna models would roll out of Indian Bajaj motorcycle manufacturing facilities.

It's not clear if Bajaj Auto is also involved with the take-over of Husqvarna, Bajaj Auto is already a major share holder in KTM, and considering the amount Husqvarna was worth we should not eliminate the possibility.

This means that KTM and Husqvarna will finally enter a merger, although the brands will still roll out models under their own names.

We expect to witness a lot of action from this acquisition in the next couple of years, especially on the Asian market. For more information regarding Husqvarna, BMW, and Pierer Industries you may want to read Husqvarna Sold to Pierer Industries - Part Two

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