Back in March this year, we had reported the possibility of BMW getting into some kind of a joint venture agreement with Husqvarna. Now, according to a report on Motoblog, BMW have gone ahead and bought Husqvarna Motorcycles. Dr Herbert Diess, Director, BMW Motorrad and Claudio Castiglioni (who owned Husqvarna as a part of his company, MV Agusta S.p.A.) signed an agreement to that effect yesterday, though the sale will only be valid once it's been approved by governing bodies in Europe. The purchase price remains confidential.
Castiglioni says this transaction was carried out 'in order to have more financial resources for new model development' at MV Agusta and Cagiva. He also said that 'Husqvarna is steeped in tradition and is one of the most famous motorcycle companies in the world, and under the directions of BMW Motorrad it will continue to express its full potential.'
Established way back in 1903 in Sweden, Husqvarna have earned a reputation for building some of the best off-road motorcycles in the world. Acquiring the company seems to be a step in the right direction for BMW, who are now trying to build lightweight, powerful off-road bikes that are competitive on the street as well as in racing.
BMW will operate Husqvarna as a separate brand/entity, and Husqvarna's workforce and production facilities will continue to remain in Varese, Italy.Also see:
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