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United Bicycles Takeover

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TONGEREN, Belgium (February 17) – the Court of Commerce in Tongeren (Belgium) has ratified the proposed takeover agreement between the receivers (Mrs. Hanssen & Mailleux, Genk) and the bidders, MW Investments BV from Eindhoven, the Netherlands. The agreement includes the takeover of the immaterial assets of United Bicycles plus moveable property. Buyers will restart the […]

TONGEREN, Belgium (February 17) – the Court of Commerce in Tongeren (Belgium) has ratified the proposed takeover agreement between the receivers (Mrs. Hanssen & Mailleux, Genk) and the bidders, MW Investments BV from Eindhoven, the Netherlands. The agreement includes the takeover of the immaterial assets of United Bicycles plus moveable property. Buyers will restart the bicycle factory under the company name UBM (=United Bicycles Maasmechelen). According to the Belgian national radio station, a team of 25 has already started to prepare the factory for renewed production. (Source: Press Judge, Court of Commerce, Tongeren).(OB)

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