- Business
- Pierce Group AB (publ) Pierce Group AB (publ) is a Sweden-based e-commerce company that sells gear, spare parts, accessories, and streetwear to motorcycle and snowmobile riders across Europe. The company operates through dedicated online stores including 24MX for motocross and enduro riders in the offroad segment; XLMOTO for onroad motorcycle riders on paved roads and tracks; and Sledstore for snowmobile enthusiasts in the other segment; with approximately 40 localized websites supporting local languages, payment options, customer service, and delivery partners. Pierce Group AB (publ) was founded in 2008 (with roots tracing to 2009 via subsidiary Pierce AB), is headquartered in Hägersten or central Stockholm, Sweden, maintains a central warehouse in Szczecin, Poland, and provides major customer support from Barcelona, Spain; it employs around 300 people and targets riders in over 16 countries primarily in Europe. Recent strategic initiatives include launching a new SaaS-based e-commerce platform and IT infrastructure transformation in 2025, with phased rollouts through Q2 2026 aimed at expanding into 12 additional local markets, improving EBIT by SEK 30-40 million annually, and positioning for industry consolidation; the company completed a rights issue of up to SEK 350 million and a directed Series C share issue in 2025 to reduce net debt and strengthen its balance sheet; discontinued segment reporting from Q1 2025 as business segments blurred; appointed Fredrik Ideström as Group CFO; and saw Procuritas exit its minority stake in late 2024 via sale to investors including Siba Invest AB.