SOL Capital Management completed the acquisition of Simplon Holding.

SOL Capital Management, a private equity firm, completed the acquisition of Simplon Holding, an Austrian company that designs and manufactures premium custom bicycles and e-bikes. Financial terms were not disclosed. "Together we have ambitious plans for the future. SIMPLON has an excellent reputation in a promising market for premium bicycles. We want to exploit this potential," Dr. Paul Niederkofler, SOL Capital Managing Partner.