The BMZ Group, a maker of lithium-ion batteries, acquired the e-bike brand Nox Cycles Austria, its sister companies in Germany and Switzerland, and the Hawk Bikes brand.
The BMZ Group has been the battery and motor supplier for Nox e-MTB models, its distributor and online retail partner. The seller was Gaby and Carsten Sommer.
CEO and Founder of BMZ Group Sven Bauer commented, “Through the strategic forward integration, we intensify our know-how to further increase the enthusiasm for our BMZ products with innovative, customized solutions.”
Carsten Sommer, CEO of Nox Cycles, said, “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.”
Photo courtesy Nox Cycles Austria
