KTM AG has made a significant move in the motorcycle industry by acquiring a 50.1% ownership stake in MV Agusta, effectively becoming the majority owner of the iconic Italian manufacturer. This development follows KTM AG's initial acquisition of a 25.1% stake in MV Agusta in November 2022 and its subsequent takeover of the supply chain and purchasing operations of the Varese-based manufacturer in October 2023.
Early Exercise of Call Option
The decision to exercise the call option to acquire the majority stake in MV Agusta was made earlier than expected, based on the financial statements of December 31, 2025. This move underscores KTM AG's commitment to strengthening its position in the global motorcycle market and expanding its portfolio of brands.
Strategic Implications
With KTM AG now holding the majority stake, it will take over various departments of MV Agusta to enhance production and sales figures. This includes industrial management, with a focus on increasing the annual production volume to more than 10,000 units at MV Agusta's facility in Varese. Hubert Trunkenpolz, a seasoned member of the Executive Board of KTM AG since 2004, has assumed the role of CEO and Chairman of MV Agusta's board of directors. Meanwhile, Timur Sardarov, the former CEO, will transition to the role of Vice-Chairman, brand ambassador, and consultant for MV Agusta.
Potential Market Impact
For MV Agusta, this partnership with KTM AG opens up new possibilities for accelerated expansion, particularly in developed markets. With KTM AG's expertise and resources, there is speculation about the development of smaller capacity bikes under the MV Agusta brand. This could lead to the introduction of exciting new models, such as a Brutale 390, catering to a wider range of riders.
Future Prospects
The acquisition of a majority stake in MV Agusta by KTM AG marks a significant milestone in the motorcycle industry. It will be intriguing to see how this partnership evolves and what new innovations and products it brings to the market. Overall, this move reinforces KTM AG's commitment to growth and innovation, setting the stage for a dynamic future in the world of motorcycles.