Biketec AG, which was founded 10 years ago and has been based in Huttwil since 2009, has experienced rapid and profitable growth and generated sales of over CHF 100 million for the first time in 2011.The rapidly growing market and the need to secure long-term independence prompted the shareholders of Biketec AG to evaluate potential financing partners some time ago. With EGS Beteiligungen AG, they succeeded in acquiring a long-term and entrepreneurial investor.

Kurt Schär, Managing Director of Biketec AG, emphasizes: "The Ernst Göhner Foundation uses the investment income for social and cultural purposes. This philanthropic approach corresponds to our own values and was a decisive reason for the previous shareholders to choose EGS Beteiligungen AG over other interested parties".

With a capital increase, EGS Beteiligungen AG is acquiring 40% of Biketec's share capital. This financial injection is intended to secure Biketec's independence and the financing of further growth. EGS Beteiligungen AG will take a seat on the Board of Directors. The existing shareholders will all retain a stake in the company. Operational management will not change: it will remain in the hands of the founding shareholders Kurt Schär (Managing Director) and Hans Furrer (Head of Production) as well as the other members of the Executive Board Yvonne Breuers (Finance) and Simon Brülisauer (Tourism and Events).For EGS Beteiligungen AG, Biketec AG is a further commitment that should contribute to the preservation and further development of the assets of the Ernst Göhner Foundation. EGS Beteiligungen AG is also involved in the companies Schild, Bauwerk, Wasserwerke Zug and Biella, among others.

Dominik Sauter, Managing Director of EGS Beteiligungen AG, says: "We are convinced that the market for electric bicycles will continue to grow in the coming years and that Flyer, with its excellent market position, can benefit from this growth".

www.flyer.ch
www.ernst-goehner-stiftung.ch

Source: Press release