Pierer empire shrinks

Which KTM companies are now being sold off

The "yes" to the restructuring plan was the first hurdle, but owner Stefan Pierer still has to set the course for his company empire.(Bild: Krone KREATIV/Manfred Fesl/APA/picturedesk.com, Philip Platzer)

More than 2.2 billion euros in debt; 470 employees who had to leave the company as a result of the insolvency; five companies in the surrounding area that also slipped into bankruptcy - the insolvency at KTM is not only leaving its mark on the creditors. The group itself is also shrinking. Read here which companies from Stefan Pierer's empire are to be sold.

"A single chapter is not a complete story. We have been given the opportunity to continue the KTM story. We will do this responsibly - for our loyal fans, for our racers and also for Austria, a location with which we are deeply connected," said Gottfried Neumeister, CEO of KTM AG and Pierer Mobility AG, just a few minutes after the creditors said "yes" to the motorcycle manufacturer's restructuring plan.