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KTM to increase stake in KISKA

Auto News - Published on Tue, 15 Jan 2019

Image Source: CarAndBike
Austrian motorcycle brand KTM will increase its stake in design firm KISKA from the current 26 per cent to 50 per cent by the end of 2019. KTM announced this news in its year-end report, also adding that the company has had its eighth year of sales increase in a row. Apart from performance and handling, KTM's success can also be partly attributed to the design of its bikes, which KISKA has been largely responsible for creating over the past several years. As KTM gets ready to push into newer geographies and newer markets, the company is planning to secure its stake in the design firm.

The annual report also states that KTM expects a consolidation in the European motorcycle market, which could mean the Austrian brand may be looking at mergers and acquisitions between brands. "Due to the increased volatility of the global economic and political environment, KTM is focussing on increasing efficiency and productivity over the next two years. This is considered as the basis in order to play a strong role during the expected consolidation of the industry," the year-end report stated.

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Posted By : Joykumar Irom on Tue, 15 Jan 2019
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