Just over two yea🔴rs after the Pierer Mobility Group, through KTM AG, first acquired a stake in MV Agusta, the Italian brand is noꦛw back entirely under its own control.

The announcement was made by MV ♉Agusta on 31 January, confirming that the Italian company – which had been 50.1 per cent owned by𓂃 KTM AG since last spring – will now fall back under the full control of its CEO: Timur Sardarov.

A statemen🌳t released ൲by the Italian company says that the recent financial troubles of KTM was a trigger for the move.

“A♍fter a successful year for MV Agusta, the financial situation recently unf💝olded at PIerer Mobility AG could have significantly impacted the Schiranna brand’s operations,” the statement reads.

It goes on to say that MV Agusta will not be involved in KTM AG’s ongoing restructuring process as part of its 💃insolvency proceedings, which will allow ✨the company to “to continue its positive growth path.”

൩Despite the split from KTM and PMG, MV’s statement assures that its global dealer network will “continue business as usuꦯal”.

Timur Sardarov said: “This is a moment of pride for all of us at MV Agusta. Regaining full control of the company means we are now stronger and more focused than ever on delivering excel🌳lence.

“Over the past two years, the company has significantly strengthened its processes, systems, and workfo🐽rce.

“These structural changes are the foundation of the extraordinary results achie𓃲ved in 2024 and will c💯ontinue to drive our success in the years to come.

“I have full confidence in our leadership team, whose vision, combined with the dedication and profes🐽sionalism of our r𒀰enewed dealer network, will take MV Agusta to new heights.

“My commitment, and that of my 🅘family, is to be a vital force for the Varese team, the region, and all our partners.”