Bike Tree acquires Haibike and Winora assets

Bike Tree GmbH, a subsidiary of the Singapore-based Tri Star / DuTech group, has signed an agreement to acquire the primary assets of Winora Staiger GmbH. The deal includes the Haibike and Winora brands, existing inventory, specific equipment, facilities, and technical and commercial expertise.

The acquisition was formalized on October 29, the same day the Schweinfurt court officially opened insolvency proceedings for Winora Staiger. While the deal aims to ensure the continuity of both brands, it will result in significant job losses. Of the 187 employees Winora Staiger had at the start of the insolvency proceedings in August, 87 will retain their positions, while 73 will be dismissed.

The transaction is an asset purchase rather than a full company acquisition. The business is expected to continue operations in Sennfeld, Germany, with the final execution of the deal anticipated in early November, subject to standard closing conditions.