KTM Industries AG is a holding company which engages in the acquisition and administration of industrial companies in the automotive sector. It operates through the following business segments: KTM, WP, PANKL, and Other. The KTM segment handles the development, production, and distribution of motorized leisure devices (power sports) which include the brands KTM and Husqvarna; and holds shares in enterprises in development, production, and distribution of such devices. The WP AG segment develops, produces, and distributes suspension elements, frameworks, radiators, and exhaust systems for motorcycle. The PANKL segment produces lightweight components for special niche markets such as the international racing, international luxury, high performance street vehicle, and aviation industries; and concentrates on developing, improving, and testing of products. The Other segment includes KTM Industries AG and K KraftFahrZeug Holding GmbH. The company was founded by Stefan Pierer in 1987 and is headquartered in Wels, Austria.