Last year, the Accel Group purchased the company that makes Babboe Bikes.
This week, we read that Urban Arrow has been acquired by Pon BV. This should give the fast growing Amsterdam based manufacturer the capital to increase its production capability and lower the waiting time for retailers, which this summer had reached four months.
In business for ten years, the Amsterdam-based firm will remain under the leadership of its founding members Gerald van Weel and Jorrit Kreek.
Kreek said: “Now that we have Pon Bike as a strong partner, we can continue to innovate and use our smart urban mobility solutions to make a contribution to the city of the future.
“The demand for our products has been overwhelming since the beginning. Our products perfectly respond to the challenges in cities across the globe and therefore fulfill a strong market demand. Thanks to the mobility solutions and sustainability ambitions of Pon, we can now grow even faster.”
Pon has several well known cycling brands in its portfolio, including Gazelle and Raleigh; it claims to ship 700,000 bikes yearly, half of them with electric assist.