The wheels are turning swiftly now, as the Austrian Takeover Commission has now officially approved Pierer Mobility's previously proposed restructuring plans. Most importantly of all, the Commission says that it's completely fine with Bajaj Auto International Holdings acquiring every last one of Pierer Industrie's shares in the Pierer Bajaj company.
As we've mentioned in the past, it's basically a nesting doll of corporate entities. Pierer Industrie previously owned the majority stake in Pierer Bajaj, which owns Pierer Mobility, which owns KTM. And now, Bajaj will be the majority shareholder of all of the above, and the Austrian Takeover Commission says that it doesn't have to make a mandatory offer to other existing shareholders in the company. However, there are still antitrust approvals pending according to Austrian business publication Oberösterreichische Nachrichten.
For its part, Bajaj Auto also made disclosures for its investors, and noted the status of eight out of nine total regulatory approvals being Approved as of October 24, 2025. Merger control approvals for Bajaj over Pierer/KTM have so far been approved in Austria, Poland, Colombia, Saudi Arabia, the US, and Turkey. Additionally, Foreign Investment Control was approved in Austria on behalf of Bajaj Auto, prior to the "Change of control under Takeover Law" in Austria.
Currently, Bajaj Auto only lists "Third country subsidies regulation EU 2022/2560," which is presided over by the European Commission's Directorate of Competition as still awaiting approval. It's unclear when this decision may be made public.
Up next will be the Extraordinary Meeting in November, wherein the name of Pierer Mobility is officially changed to Bajaj, and a new supervisory board is elected to replace the one previously chosen by Pierer. As to what happens next, Bajaj head Rajiv Bajaj hasn't exactly been quiet about potential upcoming changes, but we'll be sure to keep you updated with whatever happens.
