RHEDA-WIEDENBRÜCK, Germany - Following a "lively bidding process" the German bicycle and e-bike manufacturers Prophete and Cycle Union have been successfully taken-over. No stranger to the bicycle industry, the new owner Singapore-based Dutech Group, is on a path to strategically expand its focus on green technology. The parties have agreed not to disclose the purchase price.

DEVA, Romania - The announced insolvency of Prophete Group last December immediately raised questions about the impact on the Eurosport DHS SA operation in Romania. Prophete holds 47.5% of the Romanian company. Reason enough for Eurosport DHS CEO Tianqi Yang to issue an official statement on the current situation.

BIELEFELD, Germany - The end has come for the bicycle production and trade consortium owned by the Prophete and Lönne families. The involvement of the Prophete family goes back to 1908 when the company was founded, while the Lönne family stepped in in 1970 to build a cycling business that is active worldwide.

OLDENBURG, Germany - Mass merchant supplier Prophete GmbH & Co. KG and IBD supplier Cycle Union filed for insolvency yesterday. Already in mid-2019 Prophete ran into difficult waters and owner families Lönne and Prophete brought in a turnaround consultancy. It now turns out that this was not enough.

RHEDA-WIEDENBRÜCK, Germany - Mid-2019 German bicycle supplier Prophete Group ran into difficult waters. The owner families Lönne and Prophete brought turnaround consultancy Struktur Management Partner GmbH on board. Interim manager Felix Schwabedal was tasked with designing and implementing the restructuring.

德國，LOEHNE- Panther International GmbH延攬了Andre Fuchs來擔任總經理，以強化其管理團隊。他來自該公司的前子公司Baltik Vairas。