Well, its official. KTM has invested into GasGas with Black Toro Capital to separate it from the Contreras management and to get production back running again 100%. There were a couple of offers on the table and while it took a bit longer than expected to finalize the agreement, it has now been announced as a completed deal. This is a COOPERATION between Black Toro and KTM, not an acquisition. What does this mean for GasGas?
#1. GasGas production will remain in Girona with a Spanish style and trials feel to all they produce
#2. GasGas will continue as a separate entity in most regions of the world
#3. GasGas and KTM will share some designs and model development moving forward (more model lines for GasGas).
#4. GasGas parts supply will be improved in time
What does this mean for the USA?
#1. It is still business as usual
#2. All operations will continue as is with units estimated at arrival in December
As I know more, I will continue to inform everyone when I can but to me this is good news for GasGas to move forward and get back to our growth we were experiencing in 2018 and the first half of 2019.
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Mark Berg
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