EQS-Adhoc: PIERER Mobility and MV Agusta agree on strategic cooperation

EQS-Ad-hoc: PIERER Mobility AG / Key word(s): Investment
PIERER Mobility and MV Agusta agree on strategic cooperation

03-Nov-2022 / 17:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement pursuant to article 17 Regulation (EU) No 596/2014
(MAR)
Ad hoc announcement pursuant to article 53 LR

 

PIERER Mobility and MV Agusta agree on strategic cooperation

• Cooperation on worldwide distribution
• Takeover of purchasing by KTM
• Acquisition of 25.1% of MV Agusta

Wels, 3 November 2022 – MV Agusta and PIERER Mobility have agreed on a
strategic cooperation.
 

Takeover of purchasing and cooperation on worldwide distribution

Within the framework of this strategic partnership between the two
European motorcycle manufacturers, KTM AG, a subsidiary of PIERER Mobility
AG, will provide MV Agusta with supply chain support and take over the
purchasing. Furthermore, in the course of this cooperation, MV Agusta will
partly distribute its product range via PIERER Mobility’s worldwide
distribution network.

 

Acquisition of shares

In November 2022, KTM AG will acquire a 25.1% stake in MV Agusta Motor
S.p.A., based in Varese (Italy), by way of a capital increase.

 

Legal Disclaimer

THIS ANNOUNCEMENT DOES NEITHER CONSTITUTE AN OFFER TO SELL NOR AN
INTIMATION TO SUBMIT A PROPOSAL FOR THE ACQUISITION OF SECURITIES OF
PIERER MOBILITY AG. THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR WITHIN
THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

 

Contact:

Investor Relations

Melinda Busáné Bellér

Tel.: +43 (0) 1 533 1 433 – 70

Email: [1]ir@pierermobility.com

Website: [2] www.pierermobility.com

ISIN: AT0000KTMI02; Swiss Valor Number (Switzerland): 41860974; Ticker
Symbol: PMAG; Bloomberg: PMAG SE; Reuters: PMAG.S

 

About the Group

PIERER Mobility AG is the holding company of Europe’s leading manufacturer
of powered two-wheelers, producing a full range of premium brands
including KTM, GASGAS and Husqvarna Motorcycles. With key strengths in
innovation, PIERER Mobility is a pioneering technology leader in
two-wheeled e-mobility through its motorcycle brands. Its Husqvarna
E-Bicycles, GASGAS Bicycles, FELT Bicycles and R Raymon complement the
two-wheeler segment. Rounding out the premium brand offering are
high-performance components produced under the WP brand and KTM X-BOW
high-end sports cars. In the 2021 financial year, PIERER Mobility AG
achieved record sales of € 2.1 billion and EBIT of € 193.5 million, while
employing more than 5,000 people.

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03-Nov-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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Language: English
Company: PIERER Mobility AG
Edisonstrasse 1
4600 Wels
Austria
Phone: +43 (0) 7242 69 402
E-mail: ir@pierermobility.com
Internet: www.pierermobility.com
ISIN: AT0000KTMI02
WKN: A2JKHY
Listed: SIX, Vienna Stock Exchange
EQS News ID: 1478979

Valorennummer (Schweiz): 41860974 Wertpapierkürzel: PMAG, Bloomberg: PMAG
SE Reuters: PMAG.S

 
End of Announcement EQS News Service

1478979  03-Nov-2022 CET/CEST

References

Visible links
1. ir@pierermobility.com
2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=22eb2acef6b31126366f8fd4e5fa4f46&application_id=1478979&site_id=apa_ots_austria&application_name=news

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