#PiererMobility

The inner workings of KTM from our perspective

In November 2022 Italian trophy brand MV Agusta, wholly owned since 2019 by Russian entrepreneur Timur Sardarov and his family, and Pierer Mobility AG – KTM’s parent company – reached an agreement on ‘future strategic cooperation’, as a result of which the Austrian firm headed by Stefan Pierer would acquire a 25.10% stake in MV Agusta via its KTM AG subsidiary. At the first meeting of the newly constituted MV Agusta board on November 15, a capital increase of €30 million was agreed, denoting the sum KTM had paid to acquire its new minority shareholding in the company. As part of this strategic alliance KTM took charge of purchasing all components needed to manufacture MV Agusta’s entire range of models, as well as responsibility for marketing, distribution and after-sales service for MV Agusta on a global basis outside Italy.

When attempting to check my bag at LAX, the attendant told me that my flight to France was canceled. I asked if he was sure since the app was still showing the flight was on time. Rather than ducking back behind the computer, he grabbed what had to have been a 12-foot long ream of paper full of flight schedules all plastered with the word Canceled. Turns out France was in the midst of a massive air traffic controller strike which had halted almost all air travel through France (go figure). As it would happen, my flight was indeed still scheduled. Shocked, the attendant reluctantly hoisted my bag onto the carousel and we watched as it began its journey with hopes that I would see it again on the other side of the world. Au revoir!