Group structure

(simplified presentation, December 31, 2019)

PTW Powered Two Wheelers

51,7%
100%
100%
60%
99,9%

Design, concept development & digitalization

100%
74%
50%
70%*)

E-Bikes

100%

PTW Powered Two Wheelers

Design, concept development & digitalization

E-Bikes

Other shareholdings:
PF Beteiligungsverwaltungs GmbH 100%
ACstyria Mobilitätscluster GmbH 12.3%

*) Increase to 100% in Process