KTM/Husqvarna... now how will this play out?

interesting.

this from ADV...

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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So does that mean it is not really KTM buying it? Maybe this guy wants to do big things with husky? Light at the end of the tunnel?

If this is all true this news might have gone from "oh crap" to "F yeah!" It would be great to see someone with KTM vision go all in with husky and make it the top dog again. Interesting times.

if the things that you quoted are true, this may be the best news for husqvarna since many many years.

r

I am actually quite happy right now, this might be really good news for us

Since the brand Indian Bajaj became a shareholder of KTM , in 2007, with 14.5%, its president StefanPierer never been entirely comfortable . When in 2011 the Indian brand bought more shares to reach 39% of the Austrian brand, and in March 2012 to reach 47%, Pierer felt even more uncomfortable, because presumably the brand india buy more shares and eventually leaving him side in no time, taking control of "their" ship.

It was a matter of time that Bajaj pass to have a 51% minimum, to shed Pierer , but before that happens, Stefan will step forward: sell all its shares to Bajaj, and with the money you receive buy Husqvarna . The operation is done through the company Pierer, Cross Industries AG , and is this that becomes the owner of Husqvarna shortly.

Cross Industries AG is a conglomerate created by Pierer, which brings in its structure to 50.6% of KTM, the brand Pankl to mechanical components, Wethje signature of carbon fiber components, suspension WP and signing Kiska design . What can this mean? Well that KTM are no longer designed by Kiska and not equip more WP suspensions, that would work for Husqvarna.

The operation is to be announced shortly, so we must be vigilant.

Wednesday, January 30, 2013

A spokesman for the finance department of KTM in Austria has just opposite Nieuwsmotor.nl reported that KTMabsolutely not engaged in talks about a possible takeover of Husqvarna. The KTM listed here may no ambiguity about the fact and therefore states firmly that the rumors are indeed rumors, that is not true. There is still a chance that Cross industires AG, the personal investment of KTM CEO Stefan Pierer still be in negotiations with BMW would be about the brand. This is then officially unrelated to the activities of KTM and therefore can not be answered by KTM. A spokesman for Cross could not answer our questions. If this method were the case, this would also mean that his Pierer probably his role at KTM would have to give and share it probably should sell.Currently Pierer together with the Indian Bajaj shareholder of KTM Power Sports AG.

Yeah this sounds great. He's selling his shares to make this happen? The. He is really serious. Sounds great

I feel a lot better today.

K

You guys are bi-polar :-)

Dont forget that BMW brought an improved supply chain, great buyer financing, marketing skills, access to BMW technology....etc. We know nothing about what Pierer will bring to the party. Sure, he knows his way around the industry, but the devil is in the details.

STEFAN PIERER (CEO)

First-time appointed: 31 May 2005 Appointed until 31 December 2016
After graduating from the Montan University in Leoben, Austria (Business and Energy Management), Stefan Pierer started his career as sales assistant at HOVAL GmbH in Marchtrenk in 1982 and later on as sales manager for upper Austria and authorized signatory. In 1987, he founded the CROSS group in which he acts as shareholder and member of the Executive Board. He has been shareholder and member of the Executive Board of the KTM group since 1992. In February 2010 he became member of the Supervisory Board of CROSS Motorsport Systems AG (before he was member of the Management Board). Since August 2009 until December 2011 he was Chairman of the Supervisory Board of Peguform GmbH, Gemany.

Supervisory Board seats at listed and other companies
Chairman of the Supervisory Board of Pankl Racing Systems AG
Chairman of the Supervisory Board of BRAIN FORCE HOLDING AG
Member of the Supervisory Board of SMP Deutschland GmbH (before:Peguform GmbH)

I was thinking the same thing. If just flipped 180 in 24hrs. Rumors are fun.