Concentration on Italian E-Bike Market with Italwin Take-Over

BOLOGNA, Italy – Termal Group and its subsidiary Five has expanded its position on the Italian e-bike market with the acquisition of the Italwin brand. The take-over was announced just after the publication of the 2015 sales statistics by industry association ANCMA which indicated that the Italian e-bike market grew by nearly 10% last year.
Italwin take-over is part of Five’s strategy, ‘To reach out for market leadership in a sector that has great potential.’ – Photo Italwin