SIMPLON Fahrrad GmbH of Hard, Austria, and the HANNOVER Finanz Group of Hanover and Vienna announce cooperation agreement

02.05.2014

The cycling market provides interesting opportunities for growth, particularly to specialists like SIMPLON, founded by the Hämmerle family in 1961. The Austrian family business develops high-quality, customized premium sports bikes in carbon, successfully marketing them in Germany, Austria and Switzerland. In 2013, the company produced around 10,000 bicycles and, with 45 employees, achieved annual sales of just under 18 million euros. As part of a sustainable corporate development strategy, SIMPLON intends to adopt a broader base and exploit further opportunities for growth on the international cycle market. In the form of the HANNOVER Finanz Group, the long-established company has taken a partner on board to provide support in its long-term growth.

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