From Billionaire to Businessman: the Company Empire of Stefan Pierer Crumbles with KTM

The end of the Pierer era Stefan Pierer, who had shaped KTM for decades and strategically expanded, is not only withdrawing as a shareholder, but is also giving up his functions at Pierer Mobility AG. Pierer will also retire as Chief Executive Officer of the Group after completion of the restructuring in June. For many industry observers, this was an inevitable step – not least because of the profound financial imbalance of KTM. Pierer Bajaj Gmb…

The damaged two-wheeler manufacturer Pierer Mobility, which belongs to the motorcycle manufacturer KTM, receives the funds for a renovation. Company founder Stefan Pierer is now leaving the company.

The eloquent industrialist is not only withdrawing from KTM as a shareholder. Which other shareholdings he has already sold or is ahead of the sale.

In 1992, after insolvency, Stefan Pierer took over the motorcycle division of KTM, and 33 years later, he threatened again. Now, the 68-year-old gives his "lifetime work" out of his hands.