Video: KTM’s $53,000,000 funding of their US dwelling

• Father or mother firm, PIERER Mobility AG, showcases eight world-class manufacturers underneath one roof
• With $53 million {dollars} – largest single funding in historical past of PIERER Mobility AG
• Assertion in course of market and prospects – North America is among the most vital gross sales markets

MURRIETA, Calif. – Tuesday afternoon marked a big milestone for the KTM North America, Inc. and PIERER New Mobility North America group because it celebrated the official grand opening of PIERER Mobility AG’s brand-new North American Headquarters in Murrieta, California.

Particular company from all around the world have been in attendance for Tuesday’s festivities, which included a ribbon chopping ceremony to formally unveil the world-class services devoted to the corporate’s premium motorbike manufacturers KTM, Husqvarna Bikes, GASGAS and MV Agusta; along with bicycle manufacturers Husqvarna E-Bicycles, GASGAS Bicycles and FELT Bicycles and high-end elements underneath the WP model.

With international headquarters primarily based in Austria, PIERER Mobility AG – dad or mum firm of the extremely outstanding two-wheeled manufacturers – is Europe’s main producer of powered two-wheelers that has been an lively participant within the North American market since 1967. PIERER Mobility AG CEO, Stefan Pierer, and choose members of the worldwide Board of Administrators have been in attendance on Tuesday to have fun the momentous event.

“That is an emotional day for me,” mentioned Stefan Pierer, CEO of PIERER Mobility AG. “Precisely 30 years in the past I began within the USA with solely a dozen of staff. Right this moment we’re Europe’s leading Powered Two-Wheeler group, we’re promoting approx. 100,000 models yearly within the US market, so a couple of billion {dollars} in gross sales. An important success issue for us is racing, that’s the driving drive that pushed us over time, even within the US market. Constructing our new North American headquarters in Murrieta was the most important single funding we’ve ever made but. We set a brand new commonplace for the entire US market.”

The brand new headquarters is a part of KTM North America’s dedication to rising the game of motorcycling via steady funding in infrastructure, analysis and growth, technical coaching, and persevering with schooling for the corporate’s class-leading merchandise and know-how. Particularly, in North America, the group has grown from 30 staff in 2009 to virtually 360 staff in 2023 and this new constructing permits for additional room to develop and develop to assist its community of greater than 1,000 independently owned small companies throughout North America.

CEO of KTM North America, Inc. and PIERER New Mobility North America, Inc., John Hinz, addressed the group on Tuesday afternoon, “Right this moment marks an enormous milestone in our firm’s historical past. The campus and our services, this represents the only largest funding by our firm, so thanks to Mr. Pierer. We designed these buildings for our staff, race groups, athletes and really for our sellers throughout North America to assist assist our manufacturers and assist assist gross sales. This new campus showcases not solely the services as a device for our staff and sellers, but it surely’s our dedication, our dedication and our funding into the motorbike and bicycle business right here in North America.”

The event, which is located on 20 acres of land adjoining to the French Valley Airport simply off Winchester Highway, was initially introduced in August 2021 and the challenge formally broke floor in November of the identical yr. Following a unprecedented growth part over the previous 15 months, the $53 million company campus is now operational with three state-of-the-art buildings that embrace over 130,000 sq. ft of house devoted to the corporate’s technical growth, administrative workplaces, media relations, vendor coaching, warehouse and world championship racing departments, with 12 further acres put aside for future growth.

The group’s purpose-built non-public motorsports facility – RD Discipline – sits one block south of the company campus, geared up with two supercross take a look at tracks, laborious enduro take a look at monitor and a trials competitors part for product testing and athlete coaching.

Phrases: KTM

Photos: Kiska Inc & Jean Turner

Get one other view of the model new dwelling for the KTM group within the USA at an eye-watering value of $53,000,000 – KTM imply enterprise! Important MX with the tour: