KTM’s involvement in Italian motorcycle brand MV Agusta has been quite a hot topic in recent months. It was revealed that KTM had bigger plans for MV Agusta, apart from selling the Italian brand’s bikes in North America. As it would turn out, KTM had plans of acquiring a majority stake in MV Agusta. Now, the Italian brand’s CEO Timur Sardarov was quick to respond to allegations surrounding KTM’s speculated takeover.
Sardarov explained that KTM wasn’t taking over, and that MV Agusta would remain headquartered in Italy. In fact, he was more than welcoming of KTM’s involvement, explaining that funding from the Austrian motorcycle giant would go a long way in helping MV Agusta achieve both its short and long term goals. In much more recent news, MV Agusta announced that it would be upgrading its factory in Schiranna near Lake Varese, which at present, encompasses a 130,000 square-meter plot of land, and is equipped with more than 20,000 square meters of facilities.
