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.

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