ZEG CEO Honkomp: ‘Swiss Production is Basic Flyer Value’

HUTTWIL, Switzerland – The German retail cooperative ZEG took over all shares of e-bike manufacturer Biketec in Emmental from the majority shareholder EGS Investments AG as well as minority shareholder Peter Isler for an undisclosed amount. ZEG’s CEO Georg Honkomp told the assembled Biketec staff that, “Production in Switzerland is one of Flyer’s basic values and should remain intact.”
‘Long delivery times last year, was one of the main reasons for Flyer’s difficult market position,’ said Biketec’s chairman of the board, Franz Studer. – Photo Peter Hummel