BAD HOMBURG, Germany - Existing minority shareholder, SKion GmbH has acquired "two significant business units" from the BMZ Group. BMZ Holding GmbH and BMZ Germany GmbH faced uncertainty when a sudden disruption in the customer base and subsequent legal proceedings led to an immediate financial challenge for the lithium-ion battery manufacturer. The acquisition is subject to approval by the antitrust authorities.
BRUSSELS, Belgium - E-bike brand Cowboy has officially been taken over by France's ReBirth Group Holding SA. The agreement signals a new phase for the Belgian brand, which will now fully lean on ReBirth's industrial and recapitalisation capabilities. The transaction includes a full financial restructuring with Cowboy's primary lender, providing a stronger balance sheet and a clean slate. Cowboy founder and CEO, Adrien Roose, has left the company.
VICENZA, Italy - A group of private strategic investors led by former Crankbrothers CEO Gaspare Licata has acquired a majority stake in Extreme Racing Shox (EXT), the Italian manufacturer of high-performance suspension systems for bicycle and motorsports applications. Under the new ownership structure, EXT plans to invest in new technologies and strengthen its distribution.
TABY, Sweden - To strengthen its portfolio through complementary technologies, helmet safety technology supplier Mips AB has signed a binding agreement to acquire impact protection technology pioneer Koroyd. "This acquisition positions the group uniquely in the market and enables interesting entries into other adjacent product areas," CEO of the Swedish helmet-based safety provider commented on the takeover. The transaction is expected to be completed this month.
NÜRTINGEN, Germany — Bosch eBike Systems has acquired Magura's 50% stake in Magura Bosch Parks & Services GmbH (MBPS), taking full control of one of Europe's largest bicycle and e-bike service and spare parts distributors. Formerly equal service partners since the launch of Bosch's e-bike brand, the partners have not made it clear what prompted the buyout.
ROSÀ, Italy - Italian bicycle parts and accessories manufacturer Ursus S.p.A. has acquired a majority stake in component manufacturer Saccon S.r.l. The transaction includes Sacconplast, the in-house division for high-quality "Made-in-Italy" plastic components. No details have been provided on the size of the majority stake acquired and the purchase price.
