Bajaj Mobility

PIERER Mobility AG🔹Change of company name to Bajaj Mobility AG completed 👉 Go to the corporate news https://lnkd.in/dg5ymMTJ #BMAG #BajajMobility #KTM

Way forward ✨🏍️

🏍️ New strong owner for KTM 🔸 "With Bajaj as our parent company, we now have a strong industry expert with a global presence, who has been with KTM for many years now and therefore understands our business, brand and products. Bajaj's strengths and KTM's expertise complement each other perfectly. We want to leverage these synergies to bring KTM back to the top," says CEO Gottfried Neumeister, delighted with the successful closing, adding: 🔸 "KTM will remain an Austrian company with independent management that plays a pioneering role in research and development, design, product quality, and racing. Since mid-September 2025, Petra Preining has joined the management team as CFO in addition to Gottfried Neumeister, CEO, and Verena Schneglberger-Grossmann, CLO. Go to the corporate news 👉https://lnkd.in/ggQ49qwU #PKTM #KTM #Neumeister #Austria #researchanddevelopment #racing

Bajaj acquires sole control 🏍️ Bajaj Auto International Holdings B.V. exercised the Call Option. ✒️Today, the shares held by Pierer Industrie AG in the majority shareholder Pierer Bajaj AG have been transferred to Bajaj Auto International Holdings B.V. ✒️Bajaj Auto International Holdings B.V. is now the sole shareholder of Pierer Bajaj AG and, with a stake of approximately 74.9% of the shares in PIERER Mobility AG, also the controlling majority shareholder of PIERER Mobility AG. Go to the ad hoc announcement 👉🏻 https://lnkd.in/dnMDh5e3 #PKTM #KTM #Bajaj #ChangeOfControl #CallOption

PIERER Mobility AG: EU Commission does not initiate in-depth investigation under the Foreign Subsidies Regulation 🔸 All regulatory requirements for Bajaj to take control have been met. Go to the ad hoc announcement 👉 https://lnkd.in/dknpqmVj #PKTM #KTM #Bajaj #ChangeOfControl #CallOption #ForeignSubsidiesRegulation

➡️ Changes in light of upcoming change of control   🔸 The Executive Board of PIERER Mobility AG will convene an EGM to be held on November 19, 2025. Among other things, this EGM is expected to change the Company's name to Bajaj Mobility AG, subject to the condition precedent that Bajaj's takeover will not be prohibited under Regulation (EU) 2022/2560.   🔸In view of the upcoming change of control over PIERER Mobility AG, Supervisory Board members nominated by Pierer will resign from their Supervisory Board mandates and new Supervisory Board members shall be elected. ➡️ Go to the ad hoc announcement https://lnkd.in/d__g-33t #PKTM #KTM #Bajaj #SupervisoryBoard #ChangeOfControl

Takeover Commission confirms restructuring privilege for acquisition of control by Bajaj Auto International Holdings B.V. 🔸No obligation to make a mandatory takeover bid to the shareholders of PIERER Mobility AG 🔸Imposition of conditions and requirements by the Takeover Commission For more information go to the ad hoc announcement https://lnkd.in/dxWCuVvw #Bajaj #PKTM #KTM #motorcycles #TakeoverCommission

👉 New CFO of PIERER Mobility AG and KTM AG 🏍️ Petra Preining joins the Executive Board of PIERER Mobility AG and KTM AG as new Chief Financial Officer. Ms Preining will take over the areas of accounting, tax, treasury, controlling, risk management, investor relations and IT on 16 September 2025. Gottfried Neumeister, CEO of PIERER Mobility AG: "After a challenging period due to the restructuring process at KTM AG, we are delighted to have gained such an experienced and strong personality for the position of CFO. The appointment of the CFO to the Executive Board is a logical step towards making our organisation fit for the future. With Ms Preining's expertise and foresight, we are confident that we will be able to put our company back on a sustainable growth path and further strengthen the trust of our partners, customers, dealers and suppliers." 🔸 The full ad hoc announcement is available on the Company's website 👉https://lnkd.in/d2z7kCcy #PKTM #KTM #ExecutiveBoard #PetraPreining #GottfriedNeumeister

Results for the first half of 2025 🏍️ PIERER Mobility AG published its results for the first half of 2025 in an ad hoc announcement today and communicated the following points: 🔸 KTM restructuring proceedings successfully completed - Restructuring profit of € 1,187 million - Positive equity - Net debt more than halved 🔸 Efficiency improvement program initiated - Sale of MV Agusta and KTM X-BOW - Wind down the bicycle business by the end of 2025 - Operational turnaround plan for motorcycles being developed and put to action 🔸 Resumption of production at the end of July 2025 🔸 Encouraging end-customer demand: dealers sold >100,000 motorcycles to retail 🔸 € 166 million in liquidity was released through a reduction in inventory 🔸 Free cash flow increased by € 576 million compared to last year Gottfried Neumeister, CEO: “This half-year has been one of the greatest challenges in our company's history. Thanks to the joint efforts of the entire KTM team and the reliable support of our dealers and suppliers, we have been able to set a course back to stability and sustainable growth. More than 100,000 motorcycles sold in the first half of the year confirm the continuing international demand for our products. With the resumption of production at the end of July- a long-awaited step for the entire workforce - we are looking ahead and working consistently to secure this upturn in the long term.” 🔸 The full ad hoc announcement is available on the Company's website 👉https://lnkd.in/dmXd7AdW 🔸The 2025 Half-Year Financial Report can be found at the following link 👉https://lnkd.in/dqmc8Pc9 #PKTM #KTM #GottfriedNeumeister #motorcycles #RestructuringProceeding

#KTMisAlive #KTMridesAgain 🧡