KTM, an Austrian motorcycle and sports car manufacturer, completed the acquisition of Motorcycle Distributors Australia, an importer and distributor of vehicles, from Automotive Holdings, an Australian company specialising in automotive retail and logistics. Financial terms were not disclosed. “I am extremely proud to have seen the KTM and Husqvarna Motorcycle brands go from strength to strength in both the Australian and New Zealand markets. We have built strong relationships with our dealers and our customers and this has been the key to our success. Becoming a factory owned subsidiary will increase the level of support that we can offer our dealer network, our staff and our customers, so I am excited about the next chapter,” Jeff Leisk, Motorcycle Distributors Australia General Manager.