Home Motorcycle CFMOTO take larger ownership stake in PIERER Mobility AG (KTM)

CFMOTO take larger ownership stake in PIERER Mobility AG (KTM)

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CFMOTO take larger ownership stake in PIERER Mobility AG (KTM)

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Growth of KTM Group three way partnership with CFMOTO

PIERER Mobility and CFMOTO are strengthening their cooperation within the areas of product technique, growth in addition to industrialisation.

As an indication of the deepening of the cooperation, CFMOTO has elevated its stake within the inventory listed PIERER Mobility AG to 2 per cent.

In January 2023, KTM took over the distribution of CFMOTO bikes in Germany, Austria, Switzerland, Spain and Nice Britain. The group is leveraging its glorious gross sales organisation in these markets. Manufacturing capability is to be elevated from present 50,000 to 100,000 models.

Hubert Trunkenpolz – Member of the Government Board of PIERER Mobility

PIERER Mobility and CFMOTO have been in partnership for nearly ten years. CFMOTO is our manufacturing and gross sales companion for KTM bikes in China, and lately it has expanded its capacities and provide chain to fulfill this want. We work nicely collectively. We’ve got identified the Lai household as the bulk shareholder of CFMOTO for greater than ten years. The intensification of the three way partnership and the cooperation within the areas of product technique, product growth, industrialization, and gross sales is an extra growth of our constant cooperation and an extra step to have the ability to serve the rising market demand in China and the Asian area, in addition to worldwide.”

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