HARD, Austria - Modular bike builder Simplon Fahrrad GmbH has successfully completed its restructuring process under self-administration. With the support of the previously announced new owner SOL Capital Management, Austria's second-largest bicycle manufacturer is now starting the upcoming cycling season in a stronger position.
VIENNA, Austria - After a three-month restructuring process a new investor has secured the successful restart of Austrian custom-bike builder, Simplon. SOL Capital Management GmbH announced an undisclosed capital injection by one of its funds securing the future of the bike manufacturer.
HARD, Austria - Business has not always gone smoothly at Austria's second largest bicycle manufacturer, Simplon Fahrrad GmbH. How big these problems were, became public when the shareholders replaced the management at the end of 2023. This year's industry-wide double-digit sales drop left a real skid mark on Simplon's revenue, forcing them to apply for a Chapter 11 status this week to support the ongoing restructuring process.
HARD, Austria - The company shareholders of Austria's second-largest bicycle manufacturer Simplon Fahrrad GmbH have appointed Stephan Wabnegger as managing director with immediate effect. In a rather surprising move for outsiders, the previous managing director duo, consisting of CEO Stefan Vollbach and COO Thomas Zenker, are resigning from their corporate functions and will leave the company.
HARD, Austria - Austria's second-largest bicycle producer Simplon Fahrrad GmbH has set the course for further growth: the company's parent Simplon Holding has acquired a neighbouring property to facilitate an "almost doubling of the existing production capacity". Due for completion by the end of the year, the new site will also house a large experience centre.
HARD, Austria - In the past five years the Austrian manufacturer Simplon increased its turn-over from €18 million to €44 million at the end of fiscal year in September 2020. For model year 2021, Simplon reports an increased order intake of more than 40% compared with model year 2020.
