E-bike parts manufacturer expands

commute, electric bike, Germany, travel -

E-bike parts manufacturer expands

German company Schaeffler launched the automatic gearshift system ‘FAG Velomatic’ in the middle of 2016, and in a sign of where their ambitions lie, both they and Semikron tied up the acquisition of 51% of the shares of Compact Dynamics, a manufacturer of high-performance electric motors.

Schaeffler and Semikron also jointly plan the development of power electronics systems and the integration of power electronics components.

“As part of our ‘Mobility for Tomorrow’ strategy, we regard electric mobility as one of the major opportunities for the future,” said Klaus Rosenfeld, CEO of Schaeffler AG. With the acquisition of Compact Dynamics and the cooperation with Semokorn, we are adding to our existing technology portfolio and opening up new opportunities for growth.”