# BTL Industries acquires bankrupt bicycle factory near Kuklen for €17.45m

BTL Industries, a Plovdiv-based medical equipment manufacturer, acquired the production base of bankrupt bicycle maker Lider-96 near Kuklen for €17.45m in a sealed-bid auction. The total investment including equipment is €40m, and the plant will double medical technology capacity, creating at least 250 jobs, with operations starting in 2027.

- Type: Acquisition
- Announced: 2026-11-05
- Where: near Kuklen, Trakia Economic Zone, Bulgaria
- Value: $43.0M (40.0M EUR)
- Jobs: 250
- Status: announced
- Products: medical technology equipment
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [BTL Industries](https://endata.com/companies/14973.md) (acquirer)
- [Lider-96](https://endata.com/companies/94859.md) (target)
- [E-Velox](https://endata.com/companies/94860.md) (target)

## Sources

- [capital.bg](https://www.capital.bg/en/business/2026/11/05/4976458_btl_industries_a_second_plant_in_two_years/), 2026-11-05: "The enterprise is scheduled to begin operations next year and will create at least 250 new jobs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.