Optima Cycles, based in Amsterdam, Netherlands, specializing in designing, manufacturing and distributing e-bikes (Dutch ID) and e-cargo bikes (Lovens), acquired Dolly, the e-cargo bike brand based in Utrecht, Netherlands. The acquisition strengthens the company’s position in the e-cargo bike category.
“We are very excited about the acquisition of Dolly. Their expertise and proven concept are an ideal complement to our portfolio,” said Michiel Dreef, CEO of Optima Cycles. “Together, we offer our customers an even wider range of innovative and sustainable mobility solutions while continuing to expand our leadership in the market.”
“Dolly Cargo Bikes have won the hearts of many families with their distinctive cargo bikes and excellent service. We look forward to taking Dolly even further under the wings of Optima Cycles,” said Daan Buddingh of Dolly Bikes.
This marks Optima Cycles’ first acquisition, following the addition of Bolster Investment Partners as a shareholder in 2021. Mobis Corporate Finance acted as Dolly Bikes’ M&A advisor in the transaction.
Image courtesy Dolly
