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Bosch eBike Systems will acquire a 50% stake in Magura Bike Parts, forming a joint venture named Magura Bosch Parts & Services GmbH & Co. KG, based in Bad Urach, Germany, to distribute replacement parts and provide dealer assistance.
“The joint venture is the next step in strategically strengthening and expanding our services to the main eBike markets in Europe in the long term.”auto.economictimes.indiatimes.com
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