Sodero Gestion-backed NEOMOUV to acquire a 80% stake in UNIBIKE.

Sodero Gestion-backed NEOMOUV, a specialist in the design and marketing of electrically assisted bicycles, agreed to acquire a 80% stake in UNIBIKE, a bike manufacturer with expertise in painting and assembly. Financial terms were not disclosed. "We are determined to continue our commitment to democratizing the use of electric bikes among our customers by offering high-quality, reliable, powerful, and competitive products, as well as personalized services for an exceptional experience. This acquisition strengthens our presence in the Ebike market, expands our product portfolio, and creates new business opportunities. We are confident that this strategic alliance will bring numerous benefits to both companies and our respective customers. I heartily thank Sergio Ramos for its trust and am delighted that his daugthers Paula and Victoria will continue the adventure with us," Philippe Vaxelaire, NEOMOUV Founder and CEO.