TACHERTING, Germany (BRAIN) — PIERER Industrie AG has acquired a majority stake in the component brand Syntace and its bike brand, Liteville. Pierer added Felt Bicycle to its mobility group last November and also owns the Husqvarna, GASGAS and R Raymon e-bike brands and the KTM motorcycle brand.
Syntace dates to 1992 and has offered a variety of innovative products over the years, starting with aerobars and moving into wheels, components, its X-12 thru axle system, and its Liteville line of mountain bikes and e-bikes.
Pierer said Funbike GmbH, an Austria part distributor that Pierer bought last year, will begin distributing Syntance products in Austria.
"The innovative strength of Syntace and its competent, technical staff is an ideal addition to the PIERER Group, in which technology and know-how transfer between the different companies is a key success factor," Pierer said in a press release, translated from German.
