Stefan Pierer Pierer Industrie AG
"Pierer Industrie AG, a stand alone company set-up and owned by Mr Stefan Pierer, has, with immediate effect, acquired and taken over in full Husqvarna Motorcycles. The company, the recently modernised factory in Varese, all parts, stock and staffing are now owned/controlled by Pierer Industrie AG."
- which was nothing more than smoke and mirrors show so they could get around the anti-trust laws.
Also promised not to sell the factory and move the production which happened almost immediately. Not believing a word that comes from them from now on.
"Former Husqvarna PR man Martino Bianchi confirmed that the factory near Varese will be shut down this month and production transferred to one of the KTM factories in Austria. This is a below-the-waistline blow to the economy of the region. Local politicians have not stepped in to prevent the move that KTM’s parent company, Pierer Industrie AG, promised would never happen."
also...
Slowly but surely, Bajaj Auto continues to gobble up pieces of KTM’s stock. Taking its investment position now to just over 47%, Bajaj has acquired another 6.3% of the Austrian motorcycle manufacturer, and is projected to continue acquiring stock in the company.
The second-largest motorcycle manufacturer in India, Bajaj is also the second-largest shareholder in KTM, with KTM’s largest controlling position belonging to Stefan Pierer (KTM CEO) and Rudolf Knuenz (KTM Chairman of the Board), whose combined holdings come to just more than 51% of the company.