Battery manufacturer BMZ aquires Nox Cycles and Hawk Bikes
The BMZ Group, a global specialist in lithium-ion batteries, acquired Nox Cycles Austria and all its sister companies in Germany and Switzerland, as well as the mainly in Germany represented HAWK Bike Sales GmbH, in the form of a strategic investment.
Both companies look back on a longstanding excellent business relationship. BMZ is both battery and motor supplier for the high-performance NOX e-mountain bikes as well as NOX distribution partner in stationary as well as online retail.
BMZ sees itself as a long-term partner to its OEM and Tier1 customers in the areas of development, supply and service - from customized battery solutions to the coordinated drive system for e-bikes. With the incorporation of NOX and HAWK, BMZ accesses many years of product development, manufacturing and market expertise in the e-bike segments city, trecking and MTB.
Sven Bauer, CEO BMZ Group
CEO & Founder of BMZ Group Sven Bauer comments: "Through the strategic forward integration we intensify our know-how to further increase the enthusiasm for our BMZ products with innovative, customized solutions."
The BMZ Group has acquired from Gaby and Carsten Sommer all shares in their holding company SoCo Ltd. with its registered office in Malta. SoCo Ltd. in turn holds 100% of the shares in Nox Cycles GmbH, Nox Cycles Austria GmbH and Hawk Bike Sales GmbH as well as 50% of Nox Cycles Switzerland GmbH.
Both companies attach importance to maintaining the economic independence of the bicycle group, which was previously solely owned by the Sommer family of entrepreneurs. In accordance with this requirement, the management, existing customers, core suppliers and employees remain unchanged.
Carsten Sommer, CEO Nox Cycles
Dipl.-Ing. Carsten Sommer comments: "The establishment of our own e-bike production in Tyrol since 2017 and the clear focus on ‘Made in Austria’ were courageous, but ultimately the demand has always proven us right. With BMZ, we have now also been able to gain a long-term business partner as a permanent shareholder, whose long-term vision will enable us to scale production and sales even further."
The acquisition marks a milestone for both companies and promises an exciting future in the e-bike industry. Customers of Nox Cycles and Hawk Bikes can continue to expect innovative and high-quality products.
About BMZ Group:
The BMZ Group is a global player in the development and production of cross-industry lithium-ion system solutions. It offers the complete value chain from the cell and the battery to second life and disposal. In addition to supplying markets such as medical, power- & gardentools as well as industrial applications, the BMZ Group sees itself primarily as THE GREEN ENERGY SYSTEM PROVIDER. With the production of home and industrial storage units for photovoltaic systems as well as batteries for electric mobility, BMZ manufactures the heart of the necessary infrastructure for the energy and transport turnaround. In view of the impending climate change and its consequences, the BMZ Group is thus fulfilling its social, economic and ecological responsibility. The Group is headquartered in Germany and has additional production facilities in China, Poland and the USA, as well as subsidiaries in Japan, the UK and France. In addition, there are research and development sites worldwide. More than 2,300 employees work for the BMZ Group.