BMW buys Husqvarna Motorycles

FRANKFURT, July 20 (Reuters) - BMW (BMWG.DE: Quote, Profile, Research) will buy Husqvarna Motorcycles, the German premium carmaker and motorcyle group said on Friday without giving any financial terms.

"Dr. Herbert Diess, general director of BMW Motorrad, and the Italian industrialist Claudio Castiglioni signed a contract on July 19, 2007, in Italy. The contractual agreement will come into full effect upon final approval of the EU cartel authorities," it said, adding the move would expand its range of light, sporty motorcycles.

((Reporting by Michael Shields; michael.shields@reuters.com; Reuters Messaging: michael.shields.reuters.com@reuters.net; +49 69 7565 1266)) Keywords: BMW HUSQVARNA/

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