Easybike Group Acquires E-bike Specialist Matra
SAINT-LÔ, France – Matra Manufacturing & Services, a wholly owned subsidiary of Lagardère SCA, involved in the manufacturing of e-bikes and electric scooters, as well as parts and accessories for these vehicles has been acquired by its competitor Easybike.
According to Easybike’s statement, all Matra’s business activities will be continued. In 2013 Matra Manufacturing & Services generated a turnover of 8 million euro. The takeover includes a concession of the Matra trademark for a period of ten years. After that Easybike Group will have the option to buy the trademark.
Matra Manufacturing & Services will only continue its spare parts activities for Renault automobiles Espace and Avantime. All other activities, including production will be transferred to Easybike Group’s manufacturing facility based the Normandy province in the city of St-Lô.
Four brands in one group
Initially the company will move to a temporary location pending the opening of the new industrial site in early summer 2015. For 2015 the production target is 8,000 to 10,000 Matra bikes. The integration of Matra is part of Easybike’s strategy to be the e-bike specialist in France. The group’s brand range now includes Easybike, Solex, Mobiky and Matra. These will all be made in Europe’s first industrial site completely dedicated to electric mobility with a target of 30,000 units by 2016.