Sale of FELT Bicycles to minority shareholders
The PIERER Mobility Group, which is able to quickly be renamed to Bajaj Mobility AG, is ending its operational involvement within the bicycle sector with the sale of Felt Bicycles.
The brand new homeowners, Florian Burguet and Cesar Rojo, have been managing administrators and minority shareholders of FELT since 2023 and can proceed to run the 2 firms in Spain and North America, together with the model, independently.
The acquisition value is within the mid-single-digit million vary.
The closing of the transaction is topic to the approval by the Supervisory Board and is anticipated to be accomplished earlier than the top of the yr.
This marks the subsequent milestone within the give attention to the Bikes phase.
The Group’s bike portfolio will in future comprise the three core manufacturers KTM, GasGas, and Husqvarna.
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