• Second acquisition in Belgium
• Further step towards internationalization with support from Rivean Capital
• With the French-speaking team of Ubike, Green Mobility Holding is meeting customer needs in multilingual Belgium

19 July 2024

Munich/Brussels. Green Mobility Holding (GMH), one of the leading technology-based (e-)bike leasing providers in Europe, continues its course of internationalization and acquires Ubike, one of the market leaders in Belgium.
Ubike was founded in 2016 with the goal of making cycling more accessible and attractive for company employees. With technological innovations and a strong commitment to sustainability, Ubike helps companies and individuals transition to more eco-friendly and healthier transportation. Ubike places a strong focus on user-friendliness and easy availability of bikes. The company’s goal is to continuously improve the leasing of bicycles and e-bikes.

“The acquisition of Ubike is another important step to strengthen our Belgian business,” said Maximilian Acht, CEO of Green Mobility Holding. “We will leverage synergies by structuring the sales orientation of both companies and utilize Ubike’s French-speaking team and the Brussels office to further expand GMH’s market position in the Walloon Region.”

“With GMH and o2o, we have found ideal partners to further expand our business in Belgium and to capture the strong market growth more intensively,” said Michel Lagasse, founder and CEO of Ubike. “We share the common goal of promoting employee mobility through affordable and easily accessible leasing offers while simultaneously reducing the ecological footprint of commuting to work. Importantly, as we expand, we remain committed to preserving our unique Belgian identity – our ‘Belgitude’ – ensuring that our growth never compromises the local values and cultural heritage that define us.”

“When we invested in GMH a year ago, we announced that we would support the company’s further growth in Germany and Europe with capital and strategic know-how. With the acquisition of o2o and Ubike in Belgium, the first key milestones on this path have been set,” said Matthias Wilcken, Senior Partner at Rivean Capital.

Michel Lagasse and the rest of the Ubike management team will remain on board after the acquisition. Michel Lagasse will reinvest a portion of his sale proceeds into GMH, thus becoming a shareholder of GMH.

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Weblinks:
www.greenmobilityholding.com
www.ubike.be
www.o2o.be
company-bike.com
www.mein-dienstrad.de

About GMH
Green Mobility Holding GmbH is one of the leading technology-based (e-)bike leasing groups in Europe. It brings together independent brands with innovative product offerings under one roof, creating unique solutions for companies of all sizes through shared synergies. With over 350 employees, the group is represented at more than 15 locations.

About Rivean Capital
Rivean Capital is a leading European private equity investor for mid-market transactions, active in the DACH region, the Benelux countries, and Italy. Funds advised by Rivean Capital manage over €5 billion in assets. Since its founding in 1982, Rivean Capital has supported more than 250 companies in achieving their growth goals.

For more information, visit www.riveancapital.com

Media Contacts:

Rivean Capital
Maikel Wieland
Head of Investor Relations
Email: m.wieland@riveancapital.com