Husqvarna, BMW deal finalized
October 5, 2007
Filed under Features
BMW Motorcycle signed on the dotted line Monday to complete its acquisition of Husqvarna Motorcycles, a deal the German company had been working on for more than two months, BMW said in a press release Oct. 2.
BMW executive committee member Herbert Diess and Claudio Castiglioni are the new managing directors for the brand.
Rainer Thoma has been tapped to run the division’s businesses operations, including development, production and selling. Thomas Moser will run purchasing, finances and personnel. Both leaders were previously in top positions with BMW Motorcycle and BMW AG.
Husqvarna headquarters remain in the north Italian region of Varese, as will the management, development, production and central selling and marketing organization.