Sponsor Capital acquired bicycle components manufacturer Herrmans.

Sponsor Capital acquired Herrmans, a leading company in heavy duty light solutions and bicycle components headquartered in Pietarsaari, Finland. Financial terms were not disclosed. The aim is to further strengthen the market position and competitive advantages. “Herrmans is one of the global leaders in its fields and is well positioned for future growth. We are glad to have Sponsor as a new majority owner that will embrace and support the execution of our plans for further developing the company”, says Tom Nordström, CEO of Herrmans.