Overview

• Bajaj Auto has acquired a majority stake in KTM by purchasing 100% of Pierer Bajaj AG, solidifying its control over the company.
• A €600 million financing package provided by Bajaj will satisfy creditor demands and avert KTM's liquidation after its November 2024 insolvency.
• Founder and CEO Stefan Pierer will step down from the Pierer Mobility AG board in June, with Verena Schneglberger-Grossmann set to join the leadership team.
• KTM's production facilities, including its flagship Mattighofen plant in Austria, will remain operational under the new ownership structure.
• The deal marks a pivotal shift in KTM's governance as it seeks to recover from €2 billion in debt and stabilize operations following significant financial losses.