# Bike Tree acquisition of Winora Staiger assets > Developing situation record from CLSTR: https://clstr.news/situations/bike-tree-acquisition-of-winora-staiger-assets > Updated: 2026-11-01T17:00:04.000Z. Sources: 16. Developments: 2. Following the opening of insolvency proceedings for Winora Staiger GmbH by the Schweinfurt District Court, Bike Tree GmbH, a subsidiary of the Singapore-based DuTech Group, signed an agreement to acquire the company’s primary assets. The acquisition includes the Haibike and Winora brands, existing inventory, technical and commercial expertise, and facilities. While the deal aims to ensure brand continuity and maintain operations at the Sennfeld location, it involves significant restructuring. Of the 187 employees present at the start of the insolvency proceedings in August, 87 are expected to retain their positions, while 73 positions will be eliminated. The transaction is an asset purchase rather than a full company acquisition, with final execution anticipated in early November 2026. The future of the Ghost brand remains uncertain, as Ghost-Bikes GmbH is subject to separate insolvency proceedings starting November 1, 2026, without a named investor. ## Timeline ### 2026-11-01: Bike Tree acquires Haibike and Winora assets Bike Tree GmbH, part of the Tri Star / DuTech group, has agreed to acquire the Haibike and Winora brands and assets following the insolvency of Winora Staiger, though the move will involve significant layoffs. 7 sources. https://clstr.news/cluster/bike-tree-acquires-haibike-and-winora-assets ### 2026-10-30: Bike Tree acquires Haibike and Winora brands following insolvency Bike Tree GmbH, part of the Singapore-based DuTech Group, will acquire the Haibike and Winora brands following Winora Staiger GmbH's insolvency proceedings in Germany. 9 sources. https://clstr.news/cluster/bike-tree-acquires-haibike-and-winora-brands-following-insolvency --- Cite as: Bike Tree acquisition of Winora Staiger assets. CLSTR, https://clstr.news/situations/bike-tree-acquisition-of-winora-staiger-assets