AUSTIN, Texas (BRAIN) — London-based private equity group Inflexion has signed a definitive agreement to acquire enviolo Inc., the maker of stepless gear drivetrain components used primarily on e-bikes.
Headquartered in the Netherlands and with additional operations in Austin, Texas, enviolo designs and develops transmission systems for high-quality e-bikes mainly for the European and North American markets.
"The enviolo team has created an innovative product offering which makes cycling more appealing and comfortable to the growing number of cyclists turning to it as a social, healthy activity and an environmentally friendly method of transportation in cities around the world. The team is incredibly driven and we look forward to working with them to grow their excellent business further both in the local Dutch market and internationally," said Simon Turner, a managing partner at Inflexion.
Enviolo CEO David Hancock said, "We are proud and excited about our opportunity to work with bike makers to develop great bikes together which can change riders' lifestyles and ease congestion in urban areas. Our new partnership with Inflexion will help us grow faster as their proximity to our Amsterdam office and presence in the US, China and India are well placed to support our plans. We are greatly looking forward to this exciting new partnership."
Enviolo was known as Nuvinci Cycling until 2017. It was previously owned by Fallbrook Technologies, which re-organized after a bankruptcy in 2018. Last month it announced a move into new offices in Amsterdam.
