NuVinci Increases Capacity To Meet Growing Demand
AUSTIN, USA – The NuVinci Cycling division of Fallbrook Technologies doubles its production capacity in response to significant demand growth for its continuously variable N360 transmission. “We want to maintain our short lead times,” said CEO William G. Klehm III. At the same time Fallbrook appointed Wim de Koeijer to a new position of Service and Support Manager – Global.
“The previously announced relocation of Harmony and Harmony H|Sync intelligent auto-shifting systems production to Europe last year will also help ensure short delivery times,” adds David Hancock, Executive Vice President – Cycling Division.
Move to a new facility
The increase in the N360 production capacity is being supported by an upcoming move to a new facility by one of Fallbrook’s major manufacturing partners. “This partner is doubling the space available for production and adding new assembly equipment,” Fallbrook reports. “Year over year we had a revenue growth of 35 % and the NuVinci Optimized N360 continuously variable bicycle transmission and Harmony intelligent auto – shifting system for bicycles have together achieved more than an estimated 30% market share in the luxury eBike segment in Europe.”
Keeping up with the increased demand
“The expanded capacity is key to keeping up with the increased demand we are seeing in the fast-growing e-bike market,” Klehm explained. “We are also able to offer higher flexibility with shorter lead times and consistent quality. The expanded production facility will include new test machines that enable us to continue our procedure of functional testing on 100 percent of our production.”
Earlier this month Fallbrook reported a refinancing of its previous USD 25 million debt facility through Kayne Anderson Capital Advisors, L.P.’s Middle Market Credit group. “Not only does the Kayne Anderson facility offer us more attractive capital than our previous facility, but it also contains a commitment for us to draw up to USD 10 million of additional capital at Fallbrook’s option,” said Klehm.
Wim de Koeijer
Global Service and Support Manager Wim de Koeijer will be is responsible for managing and enhancing the NuVinci Cycling support function. A cycling industry veteran with extensive service experience, De Koeijer most recently served as the Benelux Dealer