Pierce has received the 2020 Sweden´s Best Managed Companies recognition, sponsored by Deloitte in cooperation with Nasdaq. This quality award is based on criteria evaluating Pierce´s strategic focus, operational capacity, corporate culture and economic development.
– The Best Managed Companies award shows that Pierce´s strategy, leadership, corporate culture and financial performance are top class, says Henrik Zadig, CEO of Pierce AB.
Best Managed Companies is a quality award to recognize the overall success of private Swedish companies based on strategic direction, ability to execute, corporate culture and financial performance.
Best Managed Companies was established in Canada in 1993 and has since then been introduced in more than 20 countries around the world. Sweden´s Best Managed Companies was launched during 2018 by Deloitte in cooperation with Nasdaq. An independent jury has selected the 18 companies which received this year’s award.
Pierce sells gear, accessories and spare parts to motorcycle riders across Europe through the online stores 24MX, XLMOTO and Sledstore. The company was founded 2008 in a Stockholm garage. Three years later they launched their first online store outside Sweden. Today Pierce employs around 400 people in 6 offices in Sweden, Poland and Spain and is present on 17 European markets. It is one of the Swedish e-commerce companies that has best utilized the potential outside of Sweden, with over 75% of revenues coming from outside of Sweden. Pierce revenues in 2019 exceeded 1.2 billion SEK.
– It is with great joy and honour that we receive this award. All of us at Pierce have worked hard and with passion for several years to get to where we are today. I am proud of what we have achieved as a team so far, and I am really pleased that our efforts are paying off. Being recognized as one of Sweden´s best managed companies is a nice testament that we are on the right track, says Henrik Zadig, CEO of Pierce AB.
“Future growth is built upon robust internal processes. These companies have a clear vision and a forward-leaning approach. Such ways of working are of course even more important in turbulent times, says Therese Kjellberg, partner at Deloitte and responsible for Best Managed Companies in Sweden.”
“This year’s companies demonstrate exceptional leadership and commitment to drive profitable growth. Their success is a result of taking a deliberate approach to build strong teams and investing in the future development of their talent, says Håkan Sjögren, independent jury member and Managing Director & Responsible for listings at Nasdaq Stockholm.”