Two recent bits of news over the last week or so.
First, Accell Group buys Currie Technologies. Accell is a large bicycle maker in Europe with a half dozen brands. Currie of course is one of the venerable electric bicycle companies, and has gone through several owners over the years.
Yesterday, Hero Eco announced they were buying Ultra Motor. Hero is a vehicle manufacturer in India. Having visited India several times I know Hero best for TV advertisements for the Honda Hero motorcycle line, where Honda Hero is a collaboration with Honda to manufacture motorcycles. Hero Eco is a subsidiary holding company that oversees several companies handling electric vehicles. Ultra Motor is a UK based electric bicycle manufacturer, their bikes are real nice and sturdy, and are distributed around the world.
Both of these are instances of a large manufacturer buying up a small electric bicycle company. Me wonders what this means.