Hours ahead of the deadline KTM announces with the backing of benefactor Bajaj they are back. “KTM is proud to announce a major milestone: after months of dedicated effort and strategic planning, the KTM AG was able to expand its relationship with its long-standing partner Bajaj and secure them as a main investor,” proclaims the press release.
“Today we have been given the opportunity to continue the history of KTM. Together with our long-standing partner Bajaj, we were able to work out a strategy that will enable us to raise a further 600 million euros for our new start in addition to the 200 million euros already made available,” claims Gottfried Neumeister, CEO, KTM AG.
He also explains that KTM is not leaving Austria. “The existing sites — in particular our main plant in Mattighofen/Munderfing — will remain the basis for our future success. This means that we will continue to be an important employer for the entire region.
“In view of this new, second opportunity, we at KTM feel deep gratitude and humility towards all those within and outside our group of companies who have made it possible.” Neumeister concludes, “I would also like to take this opportunity to thank Stefan Pierer on behalf of all those who have accompanied us along the way. He laid the foundation for one of the world’s best-known motorcycle brands, which has a unique community.”
