EQS-News: PIERER Mobility: KTM takes over distribution of MV Agusta motorcycles in North America
EQS-News: PIERER Mobility: KTM takes over distribution of MV Agusta motorcycles in North America
EQS-News: PIERER Mobility AG / Key word(s): Agreement
PIERER Mobility: KTM takes over distribution of MV Agusta motorcycles in
North America
21.09.2022 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Corporate News
Wels, September 21, 2022
PIERER Mobility: KTM takes over distribution of MV Agusta motorcycles in
North America
Cooperation agreement with MV Agusta signed
KTM AG, a 100% subsidiary of PIERER Mobility AG, has concluded a
cooperation agreement with the Italian-based motorcycle manufacturer MV
Agusta. Under this agreement, KTM will take over the distribution, the
promotion and customer service of the MV Agusta range of motorcycles for
the markets U.S., Canada and Mexico through select KTM AG dealers as well
as existing and new MV Agusta stores.
Expansion of the range of premium motorcycles
KTM brings to this partnership a strong market presence in North America,
where it expects to exceed 100,000 units sold in 2022 with the KTM,
Husqvarna and GASGAS motorcycle brands. The takeover of the distribution
of the MV Agusta brand complements this extensive range of premium
motorcycles of the PIERER Mobility Group and provides MV Agusta with a
competitive access to the North American market.
MV Agusta is a historic European motorcycle manufacturer with rich
tradition, its brand being a symbol of Italy’s design and engineering
excellence. The agreement is part of MV Agusta’s strategic plan, which
envisions a significant growth in the coming years.
About the Group
PIERER Mobility AG is the holding company of Europe’s leading manufacturer
of powered two-wheelers, producing a full range of premium brands
including KTM, GASGAS and Husqvarna Motorcycles. With key strengths in
innovation, PIERER Mobility is a pioneering technology leader in
two-wheeled e-mobility through its motorcycle brands. Its Husqvarna
E-Bicycles, GASGAS Bicycles, FELT Bicycles and R Raymon complement the
two-wheeler segment. Rounding out the premium brand offering are
high-performance components produced under the WP brand and KTM X-BOW
high-end sports cars. In the 2021 financial year, PIERER Mobility AG
achieved record sales of € 2.1 billion and EBIT of € 193.5 million, while
employing more than 5,000 people.
Legal Disclaimer
THIS ANNOUNCEMENT DOES NEITHER CONSTITUTE AN OFFER TO SELL NOR AN
/INVITATION TO SUBMIT A PROPOSAL FOR THE ACQUISITION OF SECURITIES OF
PIERER MOBILITY AG. THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR WITHIN
THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
Contact – Investor Relations
Melinda Busáné Bellér, Tel.: +43 (0) 1 533 1 433 – 70
Email: [1]ir@pierermobility.com, Website: [2] www.pierermobility.com
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21.09.2022 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: PIERER Mobility AG
Edisonstrasse 1
4600 Wels
Austria
Phone: +43 (0) 7242 69 402
E-mail: ir@pierermobility.com
Internet: www.pierermobility.com
ISIN: AT0000KTMI02
WKN: A2JKHY
Listed: Regulated Market in Frankfurt (General Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart,
Tradegate Exchange; SIX, Vienna Stock Exchange
EQS News ID: 1446695
Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PMAG, Bloomberg: PMAG
SE, PMAG GY Reuters: PMAG.S
End of News EQS News Service
1446695 21.09.2022 CET/CEST
References
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1. ir@pierermobility.com
2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=22eb2acef6b31126366f8fd4e5fa4f46&application_id=1446695&site_id=apa_ots_austria&application_name=news
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