Insolvent Sachsenring Bike Manufaktur taken over by investor group

SANGERHAUSEN, Germany – Troubled German bicycle producer, Sachsenring Bike Manufaktur, is out of insolvency having been bought by a group of unspecified investors. The newly founded Zweirad Union E-Mobility has taken over 75 of the employees and will “continue bicycle production at the old MIFA site in Sangerhausen.”