MV Agusta Back in Timur Sardarov’s Control
It has been confirmed: MV Agusta is back in Timur Sardarov’s control. It was sold to Art of Mobility S.A., a company controlled by the Sardarov family.
Pierer Mobility AG (PMG), the parent company of KTM AG, officially confirmed that they had sold their 50.1% controlling stake of the legendary brand. PMG has purchased 25.1% of MV shares in November 2022, before acquiring a further 25% in the spring of 2024.
The Austrian company had decided to let MV Agusta go almost as soon as they went into an ongoing “self-administration process” for 90 days.
PMG says that the transaction will be completed in the first half of 2025. The value of the sale is said to be in the “mid-double-digit million range.”
Timur Sardarov said, “This is a moment of pride for all of us at MV Agusta. Regaining full control of the company means we are now stronger and more focused than ever on delivering excellence.
“Over the past two years, the company has significantly strengthened its processes, systems, and workforce. These structural changes are the foundation of the extraordinary results achieved in 2024 and will continue to drive our success in the years to come.
“I have full confidence in our leadership team, whose vision, combined with the dedication and professionalism of our renewed dealer network, will take MV Agusta to new heights. My commitment, and that of my family, is to be a vital force for the Varese team, the region, and all our partners.”
According to MV, all of their 219 global dealers and 41 service centres will continue as business as usual. The number of dealers is also predicted to rise to 270 by the end of 2025. The company sold 4000 motorcycles, representing an annual growth rate of 116% compared to 2023.
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