Tag: overseas market

Hero Cycles buys stake in German e-bike maker HNF Nicolai

Hero Cycles Ltd has acquired a stake in German premium e-bike maker HNF Nicolai. The company’s move is to tap the overseas market. Along with Hero, a German investment trust IBG Beteiligungsgesellschaft Sachsen-Anhalt mbH has also bought the stake in the German e-bike maker. Financial details of the transaction remain undisclosed. In their joint collaboration,…