More Automotive Suppliers Targeting E-Bike Market
RIETHEIM-WEILHEIM, Germany – German Marquardt Group – a leading international manufacturer of electronic and electromechanical components and systems – has announced to takeover Kristronics GmbH. The takeover is officially effective January 1, 2017.
At last September Eurobike Marquardt Group debuted its first e-bike system. It is already used by some makers; for example by BMW which is using the system in its new urban mobility product “Concept P”. This is an electric step scooter complying to the e-bike standard EN 15194.
Two more targeting e-bikes
With the takeover of Kristonics two more companies with close ties into the automotive sector are targeting the currently attractive e-mobility and e-bike markets. With Kristonics Marquardt Group strengthens its market position as supplier for the e-mobility business, is noted by the Rietheim-Weilheim based company.
“For Marquardt, the acquisition of Kristronics is an important strategic step. We extend our competences in electronics and our product range”, says Marquardt Group CEO Dr. Harald Marquardt. “For several years now we place special focus on the promising e-mobility market. The innovative systems of Kristronics complements our current product portfolio very well.”
Kristonics GmbH was founded in 1977, employs a staff of about 170 and is developing and manufacturing electronic and mechatronic components and systems. Well-known automotive customers apply the Kristonics products – for example control-units and interior electronics. The systems are also used in automation, energy, information, aviation, and environmental technologies.
Marquardt Group points out that Kristronics, “Will continue to operate under its own name in the future. The business will operate independently on the market.” Thormod Ohm will remain Managing Director of Kristronics.