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In current information, PIERER Mobility AG is capitalizing on the age-old colloquialism, ‘cash can’t purchase happiness, however it may purchase a motorbike, which is form of the identical factor.’
Proof? Within the pudding, in fact; not too long ago, KTM’s father or mother firm purchased a 25.1% stake in MV Agusta, calling the brand new connection a ‘strategic cooperation.’
The nice 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 may “take over distribution of 11 CFMoto fashions in 5 profitable European markets: Austria, Germany, Spain, Switzerland, and the U.Ok, as of January 2023” (through ADVPulse).
All this motion comes richocheting off of final 12 months, thought-about to be PIERER Mobility’s finest to this point: 332,881 bikes had been offered in 2021, displaying off a +23% enhance from 2020’s numbers (270,407).
At the moment, PIERER owns KTM, Husqvarna and GasGas; now that MV Agusta and CFMoto have hopped on the distribution bandwagon, we will anticipate 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.
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Drop a remark beneath letting us know what you suppose, and as ever – keep secure on the twisties.
*Media sourced from Asphalt & Rubber, JustDial, DriveMagRiders, and MCN*
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