Former BMC and Stromer CEO Thomas Binggeli back in bicycles

BERN, Switzerland - Swiss Post has divested its PubliBike bike rental subsidiary. The company wants to concentrate on its core business, thus not make the necessary investments. It had been looking for a buyer for some time and found three investors. One of them is industry veteran and ex-BMC CEO Thomas Binggeli.
The old and new PubliBike CEO Markus Bacher (right) has industry insider Thomas Binggeli on his side. - Photo PubliBike