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PIERER Mobility AG ( (CH:PKTM) ) just unveiled an announcement.
Bajaj Auto International Holdings B.V., a subsidiary of Bajaj Auto, has acquired a controlling stake in Pierer Bajaj AG, which holds a significant share of PIERER Mobility AG, marking a strategic move to strengthen KTM’s market position. This acquisition is expected to enhance KTM’s operational stability and market adaptability, with plans to leverage synergies between Bajaj’s global expertise and KTM’s innovation to boost sales and reduce inventories.
The most recent analyst rating on (CH:PKTM) stock is a Hold with a CHF28.00 price target. To see the full list of analyst forecasts on PIERER Mobility AG stock, see the CH:PKTM Stock Forecast page.
More about PIERER Mobility AG
PIERER Mobility AG, soon to be Bajaj Mobility AG, is the holding company of KTM AG, a leading European motorcycle manufacturer known for its premium brands KTM, Husqvarna, and GASGAS. The company specializes in motorcycles with combustion engines, high-end components, and innovative electric vehicles.
Average Trading Volume: 5,480
Technical Sentiment Signal: Strong Sell
Current Market Cap: CHF486.7M
See more data about PKTM stock on TipRanks’ Stock Analysis page.