German e-bike drive component supplier hGears plans IPO
SCHRAMBERG, Germany - "In 2020, our gears were in approximately one of every two e-bikes sold in Europe," declares Pierluca Sartorello, CEO of hGears. On the back of this success, the global manufacturer of high-precision gears and components, who counts Bosch and Schaeffler among its clients, is planning an initial public offering (IPO) at the Frankfurt Stock Exchange in the second quarter of 2021.
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