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

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: ir@pierermobility.com

Website: https://www.pierermobility.com

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

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