Pon Holding Germany GmbH has made a voluntary public takeover bid for Derby Cycle AG, aiming to strengthen its position in the growing bicycle manufacturing sector.

Target Information

Derby Cycle AG, headquartered in Cloppenburg, is the leading bicycle manufacturer in Germany and one of Europe's foremost suppliers in this sector. The company's extensive product range includes high-quality electric bikes, sports bikes for leisure and competition, and comfort bikes suitable for everyday use and travel. Derby Cycle's brands include renowned names such as Kalkhoff, Focus, Raleigh, Univega, and Rixe. In the fiscal year 2009/2010, the company generated approximately EUR 173 million in revenue with a workforce of around 550 employees.

Industry Overview in Germany

The bicycle manufacturing industry in Germany has witnessed substantial growth in recent years, driven by increasing consumer interest in sustainable transportation and health-conscious lifestyles. As a result, the demand for bicycles, particularly electric models, has surged, reshaping the market dynamics. The European bicycle market, with Germany at its forefront, has expanded as consumers and regulatory frameworks increasingly favor eco-friendly transport options.

Germany hosts a robust bicycle infrastructure, including dedicated lanes and parking, which supports both commuter and recreational cycling. Additionally, government initiatives aimed at promoting cycling as a primary mode