The KTM Group (PIERER Mobility AG) has announced sales of 280,099 KTM and Husqvarna brand motorcycles for 2019 - up by +7% over their 2018 sales performance.
The news comes shortly after the company confirmed that antitrust authorities' approval for the joint venture with GasGas Motorcycles had been granted (in December 2019) - clearing the way for integration of GasGas motorcycle division production (Girona, Spain) into the KTM Group as a third brand for 2020 and beyond.
The results mark a 9th consecutive record year for Europe's largest motorcycle manufacturer.
December 2019 also saw the KTM Group confirm completion of their takeover of the E-Bike division of Pexco GmbH (Schweinfurt, Germany) with integration into PIERER Mobility AG, taking over the remaining 60% of the shares in Pexco GmbH from Pierer Industrie AG., at their acquisition cost. PIERER Mobility is forecasting turnover of around 100 million euro in the E-Bike sector in 2020.
PIERER Mobility says it is Europe's leading Powered Two-Wheeler (PTW) manufacturer, and that "with its globally known motorcycle brands KTM, Husqvarna and GasGas, it is one of the technology and market leaders, especially for premium motorcycles.
"All drive technologies - from combustion engines to electric motors - are produced in series and are used. As a pioneer in electric mobility for two-wheelers in the low-voltage range (48 volts), the group and its strategic partner Bajaj have the prerequisites to assume a leading global role. Thanks to our innovative strength, we see ourselves as the technology leader in the two-wheeler sector in Europe. The strategic partnership with Bajaj, India's second largest PTW manufacturer, strengthens competitiveness in global markets".
