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Derby Cycle Holding GmbH Siemensstraße 1 - 3 49661 Cloppenburg, Germany http://www.derby-cycle.de
Contact Mr Henryk Deter +49 611 20585513
Company logo of Derby Cycle Holding GmbH
Derby Cycle Holding GmbH

Derby Cycle AG: Joint venture agreement with Daum Forschung & Entwicklung GmbH

(PresseBox) (Cloppenburg, )
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- Partnership as a basis to further strengthen the technological leadership in the e-bike segment
- Common track record: Innovative and unique "Impulse Drive" resulting from the development partnership with Daum

Derby Cycle AG (ISIN DE000A1H6HN1, WKN A1H6HN), Germany's largest manufacturer of bicycles in terms of sales, has today acquired an interest in Daum Forschung & Entwicklung GmbH ("Daum Research & Development"), thereby underpinning its technological leadership in the high-growth e-bikes segment.

The interest amounts to 50%, as a consequence of which the company will be managed as a joint venture in the future. Confidentiality has been agreed initially concerning the
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.