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Hero MotoCorp finds tech partner; buys $25m stake in Erik Buell Racing

Indian motorcycle major Hero MotoCorp has agreed to buy a 49.2 percent stake in famed American superbike company Erik Buell Racing. 

Hero MotorCorp is expected to pay just over $25 million for the stake in the Wisconsin-based company, named after founder and motorcycle racing pioneer Erik Buell after the original Buell Motorcycle Company was wound down by parent company Harley Davidson.

Erik Buell Racing provides engines and technology to a number of racing teams in various different motorcycle racing categories and is considered an innovator in the sport.

The company's partnership with Hero MotorCorp first began late last year after the latter parted ways with its long-term technology partner Honda.

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