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Old 01-31-2013, 02:20 AM   #18320
640 Armageddon
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Joined: Mar 2009
Location: Greece
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Quote:
Originally Posted by Brodovitch View Post
Apparently Husky has been sold to Stefan Peirer, not to KTM

As already whispered BMW Motorrad sells its subsidiary Husqvarna Motorcycles, KTM but not to the personal business of its CEO Stefan Pierer called Pierer Industries AG. The consequences for Pierers role as CEO of KTM is still unclear and will in the next six time be sought out. It is obvious that the European competition authorities to interfere with this, but also the chance that Pierer abundantly present his position at KTM will resign. For some time Pierer still the CEO of the Austrian motorcycle company, but a large part of the shares therein are sold to the Indian motorcycle giant Bajaj. Purchasing Husqvarna Pierer would potentially enable again completely with a clean slate to start again.

There will be viewed in the coming months if there is any form of cooperation between KTM and Husqvarna is possible, there is at least already a new model announced at the EICMA 2013 already will be shown

This morning we reported that KTM is not in the market to buy Husqvarna, this would also not very logical step. For BMW ensures the sale of Husqvarna for substantially losing face. The German company pumped millions into the Italian Husqvarna, but could never make a success of.

The following chart is from Cross Industries Ltd, the company which Bajaj for almost half owner. It now owns Husqvarna said Pierer Industries AG makes no part of it.


Original link in Dutch

So if Google translate is to be believed, Peirer sells his remaining shares in KTM to Bajaj and goes forth to resurrect Husky. Makes more sense, especially the part about the European anti-trust authorities
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