International Dealer News IDN 153 February/March 2020 | Page 21

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KTM Group -
2019 sales +7%
The KTM Group (PIERER
Mobility AG) has announced
sales of 280,099 KTM and
Husqvarna brand motorcycles
for 2019 - up by +7% over their
2018 sales performance.
The news comes shortly after
the company confirmed that
antitrust authorities' approval
for the joint venture with
GasGas Motorcycles had been
granted (in December 2019) -
clearing the way for integration
of GasGas motorcycle division
production (Girona, Spain) into
the KTM Group as a third brand
for 2020 and beyond.
The results mark a 9th
consecutive record year for
Europe's largest motorcycle
manufacturer.
December 2019 also saw the
KTM Group confirm completion
of their takeover of the E-Bike
division of Pexco GmbH
(Schweinfurt, Germany) with
integration into PIERER Mobility
AG, taking over the remaining
60% of the shares in Pexco
GmbH from Pierer Industrie AG.,
at their acquisition cost. PIERER
Mobility is forecasting turnover
of around 100 million euro in
the E-Bike sector in 2020.
PIERER Mobility says it is
Europe's leading Powered Two-
Wheeler (PTW) manufacturer,
and that "with its globally
known motorcycle brands KTM,
Husqvarna and GasGas, it is one
of the technology and market
leaders, especially for premium
motorcycles.
"All drive technologies - from
combustion engines to electric
motors - are produced in series
and are used. As a pioneer in
electric mobility for two-
wheelers in the low-voltage
range (48 volts), the group and
its strategic partner Bajaj have
the prerequisites to assume a
leading global role. Thanks to
our innovative strength, we see
ourselves as the technology
leader in the two-wheeler
sector in Europe. The strategic
partnership with Bajaj, India's
second largest PTW
manufacturer, strengthens
competitiveness in global
markets".
INTERNATIONAL DEALER NEWS - FEBRUARY/MARCH 2020
21