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BMW Selling Husqvarna press release

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BMW Selling Husqvarna To Pierer Industrie AG , To put it in another way KTM CEO who happens to head Pierer Industrie AG Buys Husqvarna From BMW.
 Husqvarna, BMW Motorrad, BMW, Husqvarna Motorcycles, KTM, Pierer Industrie AG
BMW Selling Husqvarna To Pierer Industrie AG , To put it in another way KTM CEO who happens to head Pierer Industrie AG Buys Husqvarna From BMW. which means KTM is not the new owner of Husqvarna. However we yet to hear from Stefan Pierer about Husqvarna buyout.In a press release yesterday, BMW announces the sale of its Husqvarna motorcycles sub-brand.The buyer is Austrian company Pierer Industries.
BMW Group official press release : Below

BMW Selling Husqvarna To Pierer Industrie AG , To put it in another way KTM CEO who happens to head Pierer Industrie AG Buys Husqvarna From BMW.
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The BMW Group is realigning its BMW Motorrad business. In the context of changing motorcycle markets, demographic trends and increasing environmental demands, BMW Motorrad will expand its product offering to exploit future growth potential. The focus of the realignment will be on urban mobility and e-mobility.By restructuring the segment, the BMW Group will concentrate on expanding and utilising the resources of the BMW Motorrad brand. Therefore the BMW Group signed a purchase agreement with Pierer Industrie AG (Austria) for the acquisition of Husqvarna Motorcycles. The acquisition will proceed subject to approval by anti-trust authorities. Both companies have agreed not to disclose the purchase price.

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