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PIERER Mobility AG , the Austrian parent company of KTM , Husqvarna and GasGas , has increased its ownership stake in MV Agusta to give the Austrian company a 50.1 % controlling interest in the Schiranna ( Varese ), Italy based manufacturer . This represents an early increase of the first stage 25.1 % investment that Pierer AG made in MV in November 2022 . At that stage , it had been
Production at MV Agusta ' s facility at Schiranna , Varese , is planned to increase to 10,000 units a year " in the medium term ."
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A PIERER Mobility AG executive board member , Hubert Trunkenpolz will take over as CEO and Chairman of the Board at MV Agusta . It was Hubert ' s uncle Hans Trunkenpolz who founded KTM in 1934 .
planned that PIERER Mobility subsidiary KTM AG would likely take a majority position in early 2026 . That call option was to be based on the annual MV Agusta Motor S . p . A . financial statements as of December 31 , 2025 . However , that option has now been exercised prematurely . PIERER Mobility had taken over the
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Timur Sardarov is to remain involved with MV Agusta as Vice Chairman , brand ambassador and consultant .
supply chain and purchasing of MV Agusta in October 2023 . In large part , MV Agusta ' s product range also became distributed through PIERER Mobility ' s global sales network at that stage . The premature exercise of the call option means that KTM AG / PIERER Mobility AG will take over the majority ownership and industrial
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management of MV Agusta Motor S . p . A . immediately , stating that in the medium term , an annual production volume of more than 10,000 premium MV Agusta motorcycles is planned . Hubert Trunkenpolz , a member of the executive board of PIERER Mobility AG and nephew of KTM founder Hans Trunkenpolz , is taking over the role of CEO and Chairman of the Board of directors from Timur Sardarov , who will continue to be available to the company as Vice Chairman , brand ambassador and consultant . The Sardarov family will retain a 49.9 % stake in MV Agusta . |