Pon Bike acquires electric cargo bike manufacturer
Pon Bike has acquired the Dutch manufacturer of electric cargo bikes Urban Arrow with the intention to grow its customer base on its home market and internationally.
Urban Arrow focuses predominantly on the business market, manufacturing bikes for companies like Albert Heijn, PostNL, DHL and UPS.
Pon Bike, a subsidiary of Pon Holdings, already owns bicycle manufacturers like Gazelle. Earlier this year, the company also acquired Swapfiets, a B2B and B2C bicycle leasing company.