KTM to Buy Back Public Shares Off the Stock Market
By Sameer Contractor
1 mins read
Published on April 4, 2016
The KTM AG is largely divided into three partnerships with the larger owned by Cross Industries with a 51.4 per cent share and the controlling stake, while Indian bike maker Bajaj Auto owns 48 per cent of the remaining market. The remaining 0.6 per cent which is listed on the stock exchange will be bought back by Cross Industries, helping the bike maker gain complete control. The news, however, does not change KTM's partnership with Bajaj, or their current arrangement.
In fact, the buyback move won't affect KTM's business or motorcycle development either, apart from providing more discretion. As a privately held company, the bike maker has lesser stakeholders to answer to. That said, a lot of development on products that was earlier open to public disclosure could be curtained. Cross Industries, in a statement said that it will offer 122.5 Euro per share for the remaining shares.
Apart from KTM, Cross Industries is also looking to gain complete control of subsidiary WP Suspension. The move will result in giving Cross control of the entire KTM Group that comprises of brands like KTM AG, KTM Sportmotorcycle GmbH, Husqvarna Motorcycles GmbH and KISKA Design GmbH.
On the product front, it is exciting times at the KTM facility with several new products and powertrain in the pipeline. Apart from the new generation Duke and RC models currently under development, the bike maker has also been working on new 500cc and 800cc twin-cylinder engines that will power two new middleweight motorcycles. The new parallel-twin engines will be reportedly based on an all-new platform and will find application across a host of new models.
The Husqvarna Vitpilen 401 & Svartpilen 401 concepts have also been confirmed for production and are likely to make their way to the market by 2017. The interesting bit? These models just might be manufactured in India, with the final assembly taking place at the Austrian facility. That said, details on KTM's future lineup is only expected to come to surface towards the end of this year, possibly around EICMA, while a slew of launches will hit the streets next year.
Last Updated on April 4, 2016
Great Deals on Used CarsView All Used Cars
- 9,800 km
- 46,630 km
- 17,459 km
- 72,000 km
- 36,800 km
- 85,500 km
- 72,000 km
- 65,400 km
- 48,000 km
- 2,500 km
-18348 second ago
The brand is offering free service support through its dealer network in Chennai and other affected areas.
-15554 second ago
Toyota and its dealer partners have set up a special emergency helpline number and have a deployed the Hilux pickup for rescue and movement of submerged vehicles
-5234 second ago
Starting from December 8, 2023 customers affected by the flash floods can avail free RSA, engine check-ups and other service benefits at the Yamaha service centers
-2747 second ago
MG Motor India has introduced a December Fest sale with sizable benefits across its lineup with offers valid until December 31
-1844 second ago
Ducati said that the price increase was due to a rise in operational costs and will affect select motorcycles on sale
59 minutes ago
The Q6 e-Tron will boast an 800-volt electrical system, a 100 kWh battery offering a range of 373 miles, and dual electric motors generating up to 510 horsepower
16 hours ago
The made-in-India sport bike is powered by a 457 cc parallel-twin engine that puts out a peak 47 bhp.
17 hours ago
The new Triumph Bonneville Stealth Editions come with special hand-painted colours that change hues depending on the light
18 hours ago
The W175 Street gets alloy wheels and tubeless tyres, aside from new paint finishes
20 hours ago
The motorcycle, finished in white, features unique mineral erosion artwork by Daniel Arsham on various body panels.
9 days ago
The 2024 KTM 1390 Super Duke R and top-spec Evo variant packs a larger capacity engine, more electronic aids and a radical new face as part of the upgrades
10 days ago
The 2024 edition of the 1290 Super Adventure siblings receive new colour options for 2024
15 days ago
KTM India did launch the KTM 790 Duke, but the 790 Adventure was never launched in India. Will this new KTM 790 Adventure be introduced in India? India Bike Week this weekend may have some answers after all.
1 month ago
Prominent motorcycle manufacturers showcased their latest offerings at this year's event in Milan, Italy.
1 month ago
The KTM 990 Duke succeeds the immensely popular 890 Duke and is powered by a 121.4 bhp 974cc motor