Bajaj Auto Strengthens European Presence With Pierer Mobility Control And Austrian Regulatory Clearances

Bajaj Auto International Holdings B.V., a wholly owned subsidiary of Bajaj Auto, has consolidated its position in Pierer Mobility AG through a restructuring agreement with Pierer Industrie AG. The Austrian Takeover Commission has confirmed Bajaj’s control and granted exemption from mandatory bid obligations. In parallel, Bajaj has secured all necessary merger control and foreign investment approvals from Austrian regulators, reinforcing its long-term commitment to the European market.

Major Takeaways  
- Bajaj Auto now holds controlling interest in Pierer Mobility AG, known for brands like KTM, Husqvarna, and GASGAS  
- The acquisition was executed via a restructuring arrangement, qualifying for exemption under Section 22 of the Austrian Takeover Act  
- The Austrian Takeover Commission validated Bajaj’s control and waived the requirement for a mandatory public offer  
- Bajaj Auto received merger control and foreign investment clearances from Austrian authorities, enabling seamless operational integration  
- The move enhances Bajaj’s global footprint and positions it strategically in the premium mobility segment

Sources: Reuters, Austrian Takeover Commission, Pierer Mobility AG newsroom, EQS Group