Hero MotoCorp enters into a 'settlement agreement' to acquire Erik Buell Racing's consulting assets

Erik Buell Racing recently  filed for bankruptcy protection . The filing was under a clause for a company looking for a way to find its feet again rather than close operations. Hero MotoCorp (HMCL NA and HMCL Americas, to be precise), which until now had a 49.2 per cent stake in the American sport motorcycle manufacturing outfit, has now stepped in with a ‘settlement agreement’ for $2.8 million that allows Hero to acquire some of EBR’s tangible and intangible assets.

The settlement agreement is still pending approval from the Circuit Court in Wisconsin, USA and the board of directors of Hero MotoCorp until August 10, 2015. Upon approval, Hero MotoCorp’s R&D teams will be able to influence and spur some of the consulting projects that EBR was executing at the time of filing for bankruptcy.

This development should help Hero gain more access to EBR’s technical know-how. The upcoming Hero HX 250R is reportedly a result of the technical collaboration with EBR. The new Hero Karizma ZMR, in fact, has a similar rear end design as the EBR 1190 RX.

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