Bajaj Auto Completes Acquisition of Pierer Bajaj AG Stake
Filing Summary
Bajaj Auto Limited, through its wholly owned subsidiary Bajaj Auto International Holdings BV, has completed the acquisition of a sole controlling stake in Pierer Bajaj AG. This transaction involved the purchase of 50,100 shares from Pierer Industrie AG, finalized on November 18, 2025. As a result, Bajaj Auto now holds 100% of Pierer Bajaj AG, which in turn holds approximately 74.9% in Pierer Mobility AG and KTM AG. The acquisition led to the renaming of Pierer Bajaj AG to Bajaj Auto International Holdings AG and Pierer Mobility AG to Bajaj Mobility AG.
Bajaj Auto Limited, through its wholly owned subsidiary Bajaj Auto International Holdings BV (BAIH), has completed the acquisition of a sole controlling stake in Pierer Bajaj AG (PBAG). The transaction involved the purchase of 50,100 shares from Pierer Industrie AG (PIAG), finalized on November 18, 2025. This acquisition grants Bajaj Auto a controlling interest in both Pierer Mobility AG (PMAG) and KTM AG.
The acquisition process included a series of steps, beginning with a Call Option Agreement that allowed BAIH to purchase shares from PIAG. The agreement covered 50,000 shares, representing a 50% stake, in addition to a separate arrangement for a 0.1% stake. Regulatory approvals were required, including consent from the Austrian Takeover Commission and notification from the European Commission. The completion of these steps enabled BAIH to finalize the acquisition of all 50,100 shares of PBAG.
Following the acquisition, BAIH now holds 100% of the total shareholding in PBAG. Through PBAG, BAIH holds approximately 74.9% in PMAG and KTM. Consequently, PBAG has become a wholly owned subsidiary of BAIH and a step-down subsidiary of Bajaj Auto. Similarly, PMAG and KTM have become step-down subsidiaries of BAIH and Bajaj Auto, effective from November 18, 2025.
As part of the transaction, several changes have been initiated. The name of Pierer Bajaj AG has been changed to Bajaj Auto International Holdings AG. Additionally, PIERER Mobility AG, whose shares are listed on the SIX Swiss Exchange in Zurich and the Vienna Stock Exchange, has been renamed Bajaj Mobility AG. The Supervisory Boards and Management Boards of PBAG, PMAG, and KTM have been reconstituted to reflect the new ownership structure.
The acquisition was completed following the fulfillment of all conditions precedent outlined in the Call Option Agreement. Notifications regarding the completion of the transaction and the resultant changes were received by Bajaj Auto on November 19, 2025. The company has made this information available on its website in compliance with regulatory requirements.
Bajaj Auto Limited is a leading manufacturer of motorcycles and three-wheelers. The company focuses on expanding its global presence and enhancing its product portfolio through strategic acquisitions and partnerships. Bajaj Auto aims to strengthen its position in the international market by leveraging its subsidiaries and joint ventures.