EQS-News: PIERER Mobility AG: New strong owner for KTM

EQS-News: PIERER Mobility AG / Key word(s): Takeover
   PIERER Mobility AG: New strong owner for KTM

   19.11.2025 / 15:35 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Corporate News           

    

   Wels, November 19, 2025

    

   PIERER Mobility AG: New strong owner for KTM

    

   Bajaj Auto International Holdings B.V., the wholly owned subsidiary of
   Bajaj Auto, India has taken control of Pierer Bajaj AG (to be renamed to
   Bajaj Auto International Holdings AG) – Successful reduction of global
   vehicle inventory and significant increase in sales expected in the second
   half of 2025

    

   On May 22, 2025, Bajaj Auto International Holdings B.V. ("Bajaj Auto BV")
   entered into a call option agreement with Pierer Industrie AG, which
   enabled Bajaj Auto B.V. to acquire Pierer Industrie AG's shares in Pierer
   Bajaj AG and thus indirectly taking control of the Company by the end of
   May 2026 at the latest. On November 10, 2025, the European Commission gave
   the green light for the future of KTM by not prohibiting the transaction
   in accordance with Regulation (EU) 2022/2560. Having received all
   regulatory approvals, Bajaj Auto B.V. has since exercised the entirety of
   the call options. On November 18, the transaction was finally closed with
   the acquisition of Pierer Industrie AG's shares (50.1 percent) in Pierer
   Bajaj AG. Bajaj Auto B.V. is now the sole owner of Pierer Bajaj AG. With
   this transaction, Pierer Bajaj AG now holds 74.9 percent of KTM's parent
   company, PIERER Mobility AG. Pierer Bajaj AG will soon be renamed Bajaj
   Auto International Holdings AG.

    

   Among other things, today's extraordinary general meeting has approved the
   change of the companies' legal name from PIERER Mobility AG to Bajaj
   Mobility AG. The composition of the Supervisory Board of the future Bajaj
   Mobility AG has also been changed. The nominees of Pierer Industrie AG
   have stepped down. Pradeep Shrivastava, Executive Director at Bajaj Auto,
   and Vienna based attorney, Dr. Wolf Gordian Hauser have been appointed as
   new members of the Supervisory Board, joining Dinesh Thapar and Srinivasan
   Ravikumar who assumed their positions on the Supervisory Board earlier.

    

   Bajaj Auto has been closely associated with KTM since 2007 and secured the
   Company's continued existence in May 2025 with a cash injection of €800
   million, marking a clear commitment to the future of the KTM business.

    

   As one of the top 5 global motorcycle companies and the world’s largest
   three-wheeler player, Bajaj Auto's business is present not just in India
   but in over 100 countries, making it truly ‘The World’s Favourite Indian’.
   It is the largest exporter of two-wheelers and three-wheelers from India,
   accounting for half of the industry exports. While being a globally
   renowned name in the automotive sector, Bajaj Auto designs, develops, and
   manufactures its products in India not just for the domestic market but
   for overseas markets as well. It has over 1500 engineers at its
   state-of-the-art R&D facility in Pune, design centers in Spain and
   Thailand, highly acclaimed TPM certified factories and a recently
   commissioned manufacturing site in Brazil. Bajaj Auto has for years been
   delivering products with best-in-class design and technology, built on
   uncompromising quality and distributed across an expansive network across
   markets. It’s unwavering commitment to organizational agility and product
   innovation keeps it future ready.

    

   "With Bajaj as our parent company, we now have a strong industry expert
   with a global presence, who has been with KTM for many years now and
   therefore understands our business, brand and products. Bajaj's strengths
   and KTM's expertise complement each other perfectly. We want to leverage
   these synergies to bring KTM back to the top," says CEO Gottfried
   Neumeister, delighted with the successful closing, adding: "KTM will
   remain an Austrian company with independent management that plays a
   pioneering role in research and development, design, product quality, and
   racing." Since mid-September 2025, Petra Preining has joined the
   management team as CFO in addition to Gottfried Neumeister, CEO, and
   Verena Schneglberger-Grossmann, CLO.

    

   With the closing, the long-awaited stability is now returning to the
   company - for its employees and the broader ecosystem of partners. "They
   all have carried the Company through this difficult time. Now it is up to
   us to consolidate and to regain their trust in us," says Gottfried
   Neumeister. Intensive dialogue with the specialized dealer network will
   enable KTM to better align production planning with market demand in the
   future. "The turnaround is in full swing. We are making good progress not
   only with restructuring and cost reduction but have also begun the journey
   to increase sales with new and existing loyal customers. We expect to sell
   a significantly higher number of motorcycles to our dealers and importers
   in the second half of the year compared to the previous year. At the same
   time, the reduction of inventory is progressing better than expected. By
   the end of the year, global inventory is anticipated to be down by 110,000
   motorcycles," said Gottfried Neumeister.

    

    

   About PIERER Mobility AG (to be renamed soon to Bajaj Mobility AG)

   PIERER Mobility AG, which will operate under the name Bajaj Mobility AG in
   the future, is the holding company of KTM AG, one of Europe's leading
   motorcycle manufacturers. With its premium brands KTM, Husqvarna, and
   GASGAS, KTM AG is one of Europe's technology and market leaders in the
   premium motorcycle segment. In addition to motorcycles with combustion
   engines, the product portfolio also includes high-end components (WP) and
   vehicles with innovative electric drives.

    

    

   For further information:

   Investor Relations

   Melinda Busáné Bellér

   Tel: +43 676 4093711

   Email: ir@pierermobility.com

   Website:[1] https://www.pierermobility.com

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   19.11.2025 CET/CEST This Corporate News was distributed by [2]EQS Group

   View original content: [3]EQS News

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   Language:    English
   Company:     PIERER Mobility AG
                Edisonstrasse 1
                4600 Wels
                Austria
   Phone:       +43 (0) 7242 69 402
   E-mail:      ir@pierermobility.com
   Internet:    www.pierermobility.com
   ISIN:        AT0000KTMI02
   WKN:         A2JKHY
   Listed:      SIX, Vienna Stock Exchange
   EQS News ID: 2232786

   Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PKTM Bloomberg: PKTM
   SW; PKTM AV Reuters: PKTM.S; PKTM.VI

    
   End of News EQS News Service


   2232786  19.11.2025 CET/CEST

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