Pierer Industrie enters cargo bike market through Johansson acquisition

WELS, Austria – Pierer Industrie has acquired an 80% stake in the Johansson cargo bikes business, from EW Mobility GmbH & Co KG, following which a newly founded Johansson GmbH based in Schweinfurt, Germany, will be established. The acquisition shows that the Pierer group doesn't want to miss out on this rapidly growing product category.