PIERER Energy: KTM’s Father or mother Firm New Distributor for CFMoto and MV Agusta
In current information, PIERER Mobility AG is capitalizing on the age-old colloquialism, ‘cash can’t purchase happiness, however it could actually purchase a bike, which is sort of the identical factor.’
Proof? Within the pudding, in fact; just lately, KTM’s mum or dad firm purchased a 25.1% stake in MV Agusta, calling the brand new connection a ‘strategic cooperation.’
The fantastic print included a purchase order takeover by KTM, in addition to two new Group Orange seats at MV Agusta’s board (through PIERER Mobility’s press launch).
Now, the automotive industrial firm has set their sights on CFMoto, claiming that they’ll “take over distribution of 11 CFMoto fashions in 5 profitable European markets: Austria, Germany, Spain, Switzerland, and the U.Okay, as of January 2023” (through ADVPulse).
All this motion comes richocheting off of final yr, thought-about to be PIERER Mobility’s greatest to this point: 332,881 bikes had been offered in 2021, displaying off a +23% improve from 2020’s numbers (270,407).
Presently, PIERER owns KTM, Husqvarna and GasGas; now that MV Agusta and CFMoto have hopped on the distribution bandwagon, we will count on a wider variety of bikes in our native dealerships, with PIERER’s 2021 income (€2,040 million, up 32%) doubtless persevering with to feed inspiration for brand new bikes in new locations.
What do you assume?
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