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November 8th, 2007, 04:05 AM   #1
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Bajaj acquires stake in Austria's KTM

India's second-largest motorcycle maker Bajaj Auto Ltd has acquired a 14.5 per cent stake in Austria's KTM Power Sports, one of Europe's largest sports motorcycle manufacturers, it was announced on Monday.

KTM will provide the know-how in the joint development of water-cooled 4-stroke 125 and 250cc engines, to be used as the basis for products from both companies.

Bajaj will take over the sales of KTM products in India and South-East Asia, opening up the Asian market for the Austrian producer.

Bajaj acquired the KTM stake through its 100 per cent owned Dutch unit for three billion rupees ($A83.07 million), the company said in a statement.

KTM CEO Stefan Pierer welcomed the development, saying the cooperation was a great chance to "strengthen the KTM Group in its sustained growth strategy in a global environment".

KTM is listed on Vienna's stock exchange and reported revenues of 599.1 million euros ($A944.06 million) in the previous business year.

Bajaj Auto Ltd ranks among the world's top five motorcycle producers, reporting revenues of 2.9 billion euros ($A4.57 billion) and 220 million euros ($A346.68 million) consolidated net profits.

© 2007 AAP
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November 8th, 2007, 10:53 AM   #2
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dont think its a particularly bit deal.

ktm want to break into the mass market of east and asia where they can put out simple bikes to bring in the readys.

and the indian company want to try and get a toe hold in the euro sector where the presteige is.
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