- Business
- PIERER Mobility AG operates as a premium motorcycle manufacturer and holding company of KTM AG in Europe, North America, Mexico and internationally. The company develops, produces and distributes high-performance motorcycles under the KTM, Husqvarna Motorcycles, GASGAS and MV Agusta brands; motorcycle suspension systems and components under the WP brand; and bicycles including e-bikes under the Husqvarna E-Bicycles, GASGAS E-Bicycles and Felt brands. Founded in 1987 and headquartered in Wels, Austria, it focuses on the premium segment of powered two-wheelers with combustion engines and electric drives, as well as e-mobility solutions across off-road, street and adventure categories targeting enthusiasts, racers and leisure riders. In a major recent development, Bajaj Auto International Holdings BV completed its acquisition of sole control over the company in November 2025 through Pierer Bajaj AG (now renamed Bajaj Auto International Holdings AG), which serves as the holding entity for KTM and related brands; this transaction follows a call option agreement entered in May 2025 and positions PIERER Mobility AG—soon to be renamed Bajaj Mobility AG—for strengthened global expansion and operational revival. The group reported €1,879 million in revenue, 292,497 motorcycles sold and 5,310 employees in financial year 2024, with 12.5% of revenue allocated to R&D.