[UPDATE, January 13, 2025: As AKV predicted would happen in a previous communication with RideApart, two more Pierer Mobility subsidiaries have now declared insolvency in Austria. They are: Avocodo GmbH and Pierer E-Commerce GmbH.
Avocodo is mainly responsible for software services, including dealer and customer portal and website operation and maintenance. It is a significant part of keeping the KTM Group running smoothly. A total of 126 employees are affected. Listed liabilities are around 3.3 million Euros, according to AKV.
There is a plan to request that Avocodo continue, since it services are so indispensable. The current proposal is for creditors to receive 20 percent of the amount owed within 24 months of acceptance of the restructuring plan.
Pierer E-Commerce has 25 employees, and is responsible for online sales for the KTM Group. This includes complete motorcycles as well as parts, accessories, digital products, clothing, and more. Currently listed liabilities, per AKV, are about 3.6 million Euros (of which around 3.4 million are owed to other KTM Group entities). The proposed restructuring plan involves the continuation of Pierer E-Commerce, as it is of critical importance to continuing the KTM Group entities it supports.]
