MUNICH, Germany â€“ Iwis Motorsystem GmbH & Co. KG - a global operating manufacturer of mechanical drive control systems based in Munich/Germany â€“ has joined a group of existing investors to acquire a ten percent stake in Clean Mobile AG, the Germany based maker of LEV drive trains. Together the two companies announced to form â€œA strategic partnership in the growing market for electric mobilityâ€.
According to a recently published press release the cooperation between Iwis and Clean Mobile consists of: â€œThe implementation of Iwisâ€™ extensive production know-how in production processes, which will improve the cost effectiveness, quality and durability of Clean Mobile systems even furtherâ€.
Iwis mechanical drive systems are said to be used by virtually every vehicle manufacturer worldwide. Next to the automotive industry, Iwis also supplies precision roller chains for the global machinery and plant & equipment sectors. Applications include the paper and printing industries, the packaging industry, conveyor technology, general mechanical engineering and the agricultural machinery industry.
â€œWe are pleased about our partnership with Iwis and the continuing support of our existing investors. This round of financing ensures the future development and expansion of Clean Mobile and enables a successful market launch for our revolutionary and high performing â€˜Harmonic Chain Driveâ€™ systemâ€™ for e-bikes and pedelecs,â€ states Clean Mobile co-founder and CEO Werner Gruber. Clean Mobile showed first prototypes of its â€˜Harmonic Chain Driveâ€™ systemâ€™ at last Marchâ€™s Taipei Cycle Show.
Allow for distinctive vehicle positioning for premium pricing and profitability (sic)
Clean Mobile Applied for Insolvency
Thursday, February 16, 2012
By Jo Beckendorff
UNTERHACHING, Germany – Electric drivetrain supplier Clean Mobile AG applied for insolvency beginning February. According to the receiver, Dr. Christian Gerloff from the Munich based law firm Ott Gerloff, Clean Mobile has a good chance to survive. Therefore operations are continuing.
Clean Mobile AG was founded in 2006 as a startup R&D company manufacturing: “Innovative e-drivetrains for light vehicles.” The company is located in Unterhaching near Munich and currently employs about 20 people. After an initial success with its fast e-bike kit the company presented an e-bike kit for EPAC’s with up to 25km/h pedal assistance at the 2011 fall shows. Brands such as Corratec, KTM, Third Element and PG Bikes are making use of the Clean Mobile’s e-bike kits.
Search for investors
Receiver Gerloff started, together with KPMG, to look for investors to take over the company. “Clean Mobile is one of the pioneers in e-drivetrain technologies and was developing progressively. Therefore there are good chances to find interested parties looking for innovative technologies in these times where alternative environmental-friendly drivetrains are on the rise.”
TQ-Group acquired Clean Mobile AG via asset deal
Tuesday, April 17, 2012
By Jo Beckendorff
UNTERHACHING, Germany – Bavarian electric service provider TQ-Systems GmbH acquired the assets of Clean Mobile AG. The e-drive train system specialist had to apply for insolvency on 2nd February 2012. Insolvency proceedings started 1st April. According to receiver Dr. Christian Gerloff there have been several interested parties. He finally negotiated with three of them.
According to a press release the asset deal with TQ-Systems GmbH - also known as TQ-Group - led to a takeover of all financial Clean Mobile assets as well as a majority its staff. Terms of the takeover were not disclosed.
Leading electric service provider
TQ-Group was already a supplier of Unterhaching near Munich based Clean Mobile AG. TQ-Group introduces itself as, “a leading electric service provider for development and production of electric sub-assemblies and systems”. The group employs over 900 people and reaches yearly sales of 125 million euro. The company is based in the Southern Germany state of Bavaria (Seefeld).
Both TQ-Group GM’s Detlef Schneider and Rüdiger Stahl are excited about the take-over, “The market potential is huge and we will work together on promising Clean Mobile product ideas. Using the know-how of both company’s will guide us to success.”
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