IN BRIEF
Swiss investor Netcycle AG says in a press release that it wanted to take over Ghost and the parts wholesaler E. Wiener Bike Parts, together with a financial partner. Its offer covered the brands, the stock, the employees and the continuation of the business. Netcycle regrets that its plan was not selected and says it does not know the reasons for this decision: what was announced instead was the closure of Ghost and the termination of all its employment contracts. Wiener Bike Parts, another German subsidiary of Accell, is continuing to trade and is looking for an investor.
Alain Baumann chairs Netcycle’s board of directors. The company says it intends to keep looking, with strategic and financial partners, for established European bicycle brands and companies to take over, reposition and develop over the long term.
What Netcycle was offering for Ghost
Netcycle says its offer included the brand rights and the stock, as well as taking on the employees and continuing the ongoing operations. The plan also provided for continuing the business of E. Wiener Bike Parts.
Netcycle regrets that the concept, prepared with a financial partner, was not selected. The press release states that, instead, the closure of Ghost’s operations and the termination of all existing employment contracts were announced. Netcycle says it does not know the reasons for this decision.
Wiener Bike Parts is still looking for an investor
German wholesaler Engelbert Wiener Bike Parts is continuing to trade and is looking for an investor. The rights to the XLC brand have already passed to DuTech.
The insolvency applications were filed on 5 August at the Schweinfurt local court, which appointed lawyer Stefan Debus, of the firm Müller-Heydenreich Bierbach & Kollegen, as provisional administrator. The press release published at the end of October expected the proceedings for Ghost and Wiener Bike Parts to open on 1 November 2026. The proceedings for Wiener Bike Parts, in self-administration, did open on 1 November 2026. In August, Accell Germany was aiming for a restructuring of its German companies and an investor solution that would separate them from the international group.
Haibike and Winora already taken over
Winora and Haibike, for their part, have found a buyer: Bike Tree, behind which stands the Tri Star group, or DuTech, based in Singapore. The business is to continue in Sennfeld with 87 employees, at the cost of 73 job cuts.
