PIERER Mobility AG: EU Commission Greenlights Bajaj Takeover

PIERER Mobility AG announced that the European Commission has decided not to initiate an in-depth investigation under the Foreign Subsidies Regulation. This follows the call option agreement made on May 22, 2025, between Bajaj Auto International Holdings B.V. and Pierer Industrie AG. The agreement allows Bajaj to acquire shares held by Pierer Industrie AG in Pierer Bajaj AG, indirectly granting control over PIERER Mobility AG by May 2026.

Bajaj has been informed that the acquisition of the 50.1% stake from Pierer Industrie AG can now go forward. Upon completion, Bajaj Auto International Holdings will become the sole owner of Pierer Bajaj AG. Pierer Bajaj AG holds a 74.9% stake in KTM's parent company, PIERER Mobility AG. The change of control is anticipated to finalize in the upcoming weeks.