European Commission gives nod to KTM-Husqvarna deal
All decks are cleared for the acquisition of off-road motorcycle brand Husqvarna by Pierer Industrie AG, the parent firm of KTM Auto as the European anti-trust Commission has given its nod for the buyout.
March 26, 2013 / 21:11 IST
All decks are cleared for the acquisition of off-road motorcycle brand Husqvarna by Pierer Industrie AG, the parent firm of KTM Auto as the European anti-trust Commission has given its nod for the buyout.
According to sources, the Commission gave its approval on March 6. The two sides have now undertaken the first phase of its joint alliance by identifying dealers. KTM, a partner firm of Bajaj Auto will also look to use Bajaj's Chakan plant for manufacturing some of the Husqvarna models. They could also use the facility for exporting the bikes to other Husqvarna markets like the US.Earlier Husqvarna was a motorcycle division of BMW, which the German automaker had sold off at the end January this year.Also read: Honda to launch 3 new bikes to topple Hero's leadership Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
