Acquisitions19 Nov 2025, 09:06 am
Bajaj Auto Completes Acquisition of Pierer Bajaj AG, Gaining Control Over Pierer Mobility AG and KTM AG
AI Summary
Bajaj Auto Ltd has completed the acquisition of a sole controlling stake in Pierer Bajaj AG (PBAG) through its subsidiary, Bajaj Auto International Holdings BV (BAIH). This acquisition also gives Bajaj controlling stakes in Pierer Mobility AG (PMAG) and KTM AG. The transaction was completed on 18 November 2025, following the fulfillment of all conditions precedent of the Call Option Agreement. This acquisition has resulted in several changes, including the change of name of PBAG to Bajaj Auto International Holdings AG and PIERER Mobility AG to Bajaj Mobility AG, and the reconstitution of the Supervisory Boards and Management Boards of PBAG, PMAG, and KTM.
Key Highlights
- Bajaj Auto Ltd has completed the acquisition of a sole controlling stake in Pierer Bajaj AG (PBAG) through its subsidiary, Bajaj Auto International Holdings BV (BAIH)
- This acquisition also gives Bajaj controlling stakes in Pierer Mobility AG (PMAG) and KTM AG
- The transaction was completed on 18 November 2025, following the fulfillment of all conditions precedent of the Call Option Agreement
- This acquisition has resulted in several changes, including the change of name of PBAG to Bajaj Auto International Holdings AG and PIERER Mobility AG to Bajaj Mobility AG
- The Supervisory Boards and Management Boards of PBAG, PMAG, and KTM have been reconstituted