KTM has announced that it has joined up with Black Toro Capital, the owners of Spanish motorcycle brand GAS GAS, to develop petrol and battery-powered motorcycles in Spain.
KTM said: “KTM Industries AG (in the future renamed to PIERER Mobility AG) – as one of the global leading European Powered Two-Wheeler (PTW) companies – announces plans to further develop its presence in Spain!
“KTM Industries announces that it has successfully concluded negotiations with Black Toro Capital – the owners of GAS GAS Motorcycles – about a future industrial cooperation with the famous Spanish motorcycle brand GAS GAS under the lead of KTM Industries AG.
“A cooperation was signed and both partners see this as a starting point for a bright future of the international well-known brand GAS GAS. New models will be developed alongside the Trial and Enduro bikes of GAS GAS.
“As part of the Joint Venture the production of GAS GAS products and TORROT electric vehicles will be continued in Girona/Spain.
“It is intended that GAS GAS will be added, alongside KTM and HUSQVARNA Motorcycles & eBikes as third brand to the strong sales network of the KTM Industries group (PIERER Mobility group). The Deal is subject to antitrust authorities’ approval.“