Acquisition
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Mahindra acquires 100% of Peugeot Motorcycles. SEVEN new scooters (and bikes) coming in the next TWO years.
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It’s just been announced that Mahindra Two Wheelers has taken full control of Peugeot Motorcycles. The Indian based Mahindra Two Wheelers group has held a 51% stake in the French manufacturer since 2015 – but it’s just been revealed that it’s taking full control. Moving forward the plan is to strengthen the presence of the…
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KTM buys GAS GAS (well, a 60% share in the Spanish company, at least)
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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…
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RUMOUR: Has Kawasaki bought Bimota?
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It’s the hottest of topics at the moment and the Italian rumour-mill is in full swing – but if true then it could lead to the resurrection of one of the motorcycle world’s most iconic bike building brands. Appearing yesterday (Tuesday) the news could be one of the biggest stories of the year, i true.…
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Kawasaki buys up more shares in Modenas and could end up owning 48% of the Malaysian brand!
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Kawasaki Heavy Industries (KHI) has increased its stake in Malaysian company Modenas. The Japanese goliath has upped the amount of shares in the engine company from 19 to 30%. It’s an increase in the relationship that started when KHI became a technical partner to Modenas in 1995. It’s reported by Dutch site nieuwsmotor.nl that KHI…
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Yamaha gets serious about three wheels and acquires patent for Brudeli Leanster
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Following the recent announcement of the new Yamaha Niken – the Japanese brand has got its hands on a patent for another leaning multi wheeler, the Brudeli Leanster. The first incarnation of the Brudeli Leanster was unveiled at EICMA way back in 2005, built in a garage by Geir Brudeli and his friends. The innovative…
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Principal Insurance grows with acquisition of BikeTeam
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Principal Insurance has bolstered its strong organic growth with the acquisition of BikeTeam from iGO4 Partners Ltd. The deal brings a book of 5,000 bike policyholders to the Manchester-headquartered specialist insurance group which also operates in the niche van, motor trade and classic, performance, kit and high performance car markets. iGO4 Partners has divested itself…
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Erik Buell Racing ‘acquired’ by Indian company Hero for $2.8m
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The ongoing saga of Erik Buell Racing continues with news that the Hero MotoCorp Ltd (HMCL) filing with the Bombay Stock Exchange that it has agreed a settlement with Erik Buell Racing which has the American segment of HMCL acquire a ‘project’ from EBR for a fee of $2.8 million. Buell had been working on…
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