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KTM is insolvent: Pierer Industrie in restructuring process

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INDUSTRIEMAGAZIN

Published on Nov 26, 2024

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KTM is insolvent, the parent company Pierer Industrie is in restructuring proceedings. This news hit like a bomb on Monday evening. KTM is financially up against the wall. After a sharp drop in sales in the last twelve months and production planning that was probably far too optimistic, the warehouses are full. The KTM parent company Pierer Industrie AG has initiated a European restructuring process on November 25th, of all days, the birthday of majority shareholder and company founder Stefan Pierer.

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