Pexco Fully Integrated in Pierer Group

SCHWEINFURT, Germany – Last September the board of directors of KTM Industries AG already proposed to change its name to Pierer Mobility AG to end the confusion on the company and brand name with KTM Fahrrad GmbH. The next step was announced yesterday: Pierer Industrie AG will take over the shares in Pexco, previously held by the Puello family, as of 2020.