Kronreif, Trunkenpolz, Mattighofen (KTM) is an Austrian motorcycle manufacturer.
The company was founded in 1934 by engineer Hans Trunkenpolz in Mattighofen. It started out as a metalworking shop and was named Kraftfahrzeuge Trunkenpolz Mattighofen. It wasn't until 1953 that KTM began production of motorcycles. With just 20 employees, motorcycles were built at the rate of three per day. In 1955, a businessman Ernst Kronreif became shareholder of the company, on acquiring a sizable portion of the company. It was then renamed Kronreif, Trunkenpolz, Mattighofen. Trunkenpolz died unexpectedly in 1989. During these early years of motocycle production at KTM, almost all components for the motorcycles were built in-house by KTM.
In 1992 the company became insolvent and was divided into three companies:
KTM Sportmotorcycles GmbH, was renamed 1994 to KTM Sportmotocycles AG
KTM Fahrrad GmbH (Bicycles)
KTM Kühler GmbH (Radiators)
In the fiscal or business year ending in 2004/2005, KTM Sportmotocycles AG delivered 80,000 motorcycles worldwide and began a partnership with Polaris Industries. Under the terms of the agreement, the two companies will help one another to extend their brands into the other's home market, KTM extending their reach into North America, and Polaris extending into Europe. This partnership is a two year trial arrangement, at the end of which both parties are giving the option of merging the two companies into one.