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.
Continue reading this article?
- Create an account under a minute and continue reading
- Read 2 articles for free every month