Reported 11 months ago
Taiwanese company Darfon (8163) held an extraordinary board meeting on June 21, 2024, where they approved a strategic cooperation with Germany's GROFA Action Sports GmbH. By acquiring 100% of GROFA's shares within a total amount not exceeding 37 million euros, Darfon aims to expand its European bicycle platform and quickly enter the European E-Mobility market. GROFA, founded in 1980, is a professional agent for bicycles, electric bikes (E-Bikes), components, sporting goods, and electronic products in Germany, Austria, Belgium, the Netherlands, Luxembourg, and more, representing 27 global sports brands. This acquisition marks Darfon's expansion into Germany's rich cycling culture and their strategy to enhance sales and services in green energy business in Europe.
Source: YAHOO