EU commission clears Bajaj's takeover of Pierer mobility

Bajaj Auto Limited announced that its wholly owned subsidiary, Bajaj Auto International Holdings BV (BAIH), has received notification from the European Commission that no in-depth investigation will be initiated into its acquisition of control over PIERER Mobility AG. This decision, communicated on November 10, 2025, allows the takeover to proceed as of November 11, 2025.

The move follows a call option agreement from May 22, 2025, enabling BAIH to acquire all shares held by Pierer Industrie AG in Pierer Bajaj AG. With this approval, BAIH will become the sole owner of Pierer Bajaj AG, which in turn holds 74.9 percent of PIERER Mobility AG. The closing of this change of control is expected in the coming weeks.

This development follows the Austrian Takeover Commission's approval on October 23, 2025, which confirmed a restructuring privilege for BAIH’s acquisition of control without a mandatory takeover bid to PMAG shareholders.