Bajaj Auto completed the acquisition of a 74.9% stake in PIERER Mobility for $58.38m.

Synopsis

Bajaj Auto, an Indian multinational automotive manufacturing company, completed the acquisition of a 74.9% stake in PIERER Mobility, a manufacturer of motorized two-wheelers and related components, for $58.38m.

Principals

target

Pierer Mobility

bidder

Bajaj Auto

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Market Context

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Seller Team (1)

gottfried neumeister

CEO at PIERER MOBILITY

Manager

target

Deals

£ 717 M

Total Value

Bidder Team (1)

nitin dada

Owner at BAJAJ AUTO

Manager

bidder

Deal

£ 45 M

Total Value