EQS-News: PIERER MOBILITY AG (to be renamed soon to Bajaj Mobility AG): Sale of FELT Bicycles to minority shareholders marks next success in restructuring

EQS-News: PIERER Mobility AG / Key word(s): Miscellaneous/Miscellaneous
   PIERER MOBILITY AG (to be renamed soon to Bajaj Mobility AG): Sale of FELT
   Bicycles to minority shareholders marks next success in restructuring

   21.11.2025 / 10:08 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Corporate News          

    

   Wels, 21st November 2025

    

   PIERER MOBILITY AG (to be renamed soon to Bajaj Mobility AG): Sale of FELT
   Bicycles to minority shareholders marks next success in restructuring

   Wels, November 21st, 2025. With the sale of FELT Bicycles, PIERER Mobility
   AG (to be renamed soon to Bajaj Mobility AG) is concluding its operational
   involvement in the bicycle sector. This marks another milestone in the
   company's focus on the motorcycles segment. The new full owners, Florian
   Burguet and Cesar Rojo, have been managing directors and minority
   shareholders of FELT since 2023. They will continue to operate the FELT
   brand globally and run the two main FELT companies in Spain and North
   America.

   In recent months, significant milestones in the Group's realignment have
   already been achieved, Including the termination of CFMOTO sales and the
   sale of MV Agusta and X-Bow. In recent months, significant milestones in
   the Group's realignment have already been achieved, Including the
   termination of CFMOTO sales and the sale of MV Agusta and X-Bow. Going
   forward, the motorcycle portfolio will be streamlined to three core
   brands: KTM, GASGAS, and Husqvarna. "For the motorcycle group, the big
   headline is simplification and focus. Simplification of processes and
   clear focus on the motorcycle market. The sale of FELT Bicycles is another
   important step in making the company leaner and future-ready. We are
   consistently pursuing our path to once again become one of the world's
   leading motorcycle manufacturers. As part of the management buyout, an
   experienced team is taking over FELT, and we wish them every success for
   the future," said Gottfried Neumeister, CEO of PIERER Mobility AG (to be
   renamed soon to Bajaj Mobility AG).

   The closing of the transaction is subject to the condition precedent of
   approval by the Supervisory Board and is expected to be completed before
   the end of the year.

    

   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

   Dipl.-Ök. Stephanie Kniep

   Tel: +43 664 2896931

   E-Mail: [1]ir@pierermobility.com

   Website:[2] https://www.pierermobility.com

   ISIN: AT0000KTMI02; Schweizer Valorennummer (Schweiz): 41860974;
   Ticker-Symbol: PKTM;

   Bloomberg: PKTM SW, PKTM AV; Reuters: PKTM.S, PKTM.VI

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   21.11.2025 CET/CEST This Corporate News was distributed by [3]EQS Group

   View original content: [4]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: 2233996

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

    
   End of News EQS News Service


   2233996  21.11.2025 CET/CEST

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