Bosch eBike Systems will take over start-up company COBI – based in Frankfurt.
"The expertise, technology and experience that COBI brings to the table are the perfect ingredients for developing mobility solutions of the future," explains Claus Fleischer, Business Manager of Bosch eBike Systems.
COBI was founded in 2014; in addition to an aftermarket product for e-bikes and conventional bicycles, the start-up company also developed a technology platform consisting of an app, cloud, development kit and embedded software.
As a result of the takeover, COBI GmbH became a 100 per cent subsidiary of the Bosch Group. The headquarters of the company shall remain in Frankfurt am Main. The COBI brand and products will be retained and the workforce will remain unchanged.
COBI is focussing on adapting its products to allow smartphones to be used as a central control, infotainment and display solution. The existing product range will remain available. Products already in the pipeline or those presented at Eurobike 2017 such as the COBI eAir are being developed as planned.
Both sides have agreed not to disclose the purchase price of the transaction.