Cerha Hempel has advised Pierer Mobility on the establishment of an e-bike production joint venture with Maxcom. Reportedly, Noerr advised Pierer as well and Lukanov & Gencheva advised Maxcom on the deal.
According to Cerha Hempel, “the establishment of the joint venture in Bulgaria represents an important step forward for the expansion of the Pierer group's bicycle and e-bike production capacity in Europe. The total investment amounts to approximately EUR 40 million. A state-of-the-art facility for the production of e-bikes will be constructed on a 130,000 square-meter site where (electric) bicycles will be manufactured exclusively for the Pierer group under the Husqvarna e-Bicycles, R Raymon, and Gasgas e-Bicycles brands.”
Cerha Hempel’s teams in Vienna and Sofia included Partners Bernhard Kofler-Senoner, Boyko Gerginov, and Anna Wolf-Posch, Counsel Michael Mayer, Senior Associates Kalin Bonev and Nadine Leitner, and Associates Polina Westerhoven, Zakar Stepanyan, Agnes Lackenberger, and Philipp Schaubach.
Editor's Note: This article originally misstated that Roman Hilzensauer and Verena Schneglberger-Grossman were part of Cerha Hempel's team. They are in fact in-house counsel with Pierer Mobility / KTM AG. The article has been amended to reflect this and we apologize for the error.
After this article was published, Noerr confirmed it had advised Pierer Mobility. The firm's team included Partner Radoslaw Biedecki and Associate Jerzy Kapitanczuk.