Pierer Industrie tightens grip on industry with new acquisitions

WELS, Austria – Pierer Industrie AG, the industrial holding group who already owns Felt Bicycles, GasGas and Husqvarna e-bikes but also KTM Motorbikes, is increasing its activities in the bicycle and e-bike business step by step. Recently Pierer Industrie took over a group of IBD shops as well as Austria’s leading importer and wholesaler.