Munich, April 2, 2020 – GOVECS AG, Europe's leading manufacturer of electric scooters, acquires the Munich-based service provider LiveCycle as part of an asset deal effective April 1, 2020, tripling its network of sales and service points. LiveCycle is a professional two-wheel service provider in Germany and offers both companies and private customers a comprehensive service, stationary at six key locations, as well as mobile throughout Germany.
The infrastructure and offer of the company, which was founded in 2016 and has already been successfully cooperating with GOVECS, optimally complement the existing structures in the B2C area of GOVECS SCOOTER: In addition to Munich, Berlin and Stuttgart, the increasing demand in conurbations such as Hamburg, Frankfurt and Cologne can now also be met. The acquisition not only ensures a nationwide service network and expanded know-how, but also sustainably supports the strong growth in the private customer area in the e-scooter market.
"We are delighted with the successful conclusion of the deal. In the medium term, we want to build the best service network in Germany for electric scooters and bicycles, both stationary and mobile," says Thomas Grübel, CEO of GOVECS, when explaining the company’s decision. "It is also a positive signal in economically challenging times, as we are currently experiencing. We continue to work consistently on solutions for urban mobility, since it is our particular strength." Grübel continues: "The teams at GOVECS and LiveCycle are highly motivated to share their skills to continue our success story."