BRP acquires 80% stake in Pinion GmbH for urban mobility

BRP Inc. acquired an 80% stake in Pinion GmbH, a German gearbox technology company for bicycles and e-bikes, to expand into urban mobility. The announcement was made on 5 August 2022.

“This acquisition is strategic for us as it enables BRP to leverage Pinon's unique, state-of-the-art technology in order to spur the development of new electric human assisted products.”prnewswire.com

• 1 source
• prnewswire.comBRP ACQUIRES MAJORITY STAKE IN GERMAN-BASED PINION TO SPUR THE DEVELOPMENT OF NEW URBAN MOBILITY SOLUTIONSBRP Inc.Aug 5, 2022

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