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Stromer, a leading Swiss-based speed pedelec manufacturer, has been acquired by Naxicap Partners, a European private equity firm.
Founded in 2009, Stromer is the leading manufacturer of premium speed pedelecs in Europe and the United States, with a market share of over 20 percent in each country.
The company is headquartered in Oberwangen near Bern and manufactures all its products in Switzerland. Stromer employs around 140 people and currently has around 90,000 customers. Over 50,000 speed pedelecs are registered through the Stromer OMNI app, which serves as a digital vehicle key and compiles driving statistics.
The Transaction Services and M&A Tax teams supported Stromer with the preparation of a Financial and Tax Fact Book and a Current Year Trading Update. We were also very closely involved in the numerous Q&A sessions with bidders up to signing.