Belgian market leader Cyclis Bike Lease has attracted the German JobRad Group as a strategic partner.
Cyclis Bike Lease, the Belgian market leader in bicycle leasing, is now part of the German JobRad Group. JobRad has already put more than 1.5 million bicycles on the road in Germany. In addition, the German player also has a successful subsidiary in Austria. Through the acquisition of Cyclis Bike Lease, the German market leader in bicycle leasing is now also entering the Belgian & Dutch market.
It is the biggest step in the 10-year history of Cyclis Bike Lease, which has been facilitating stress-free commuting since 2014. “We share the same vision, ambition and approach. We have found the ideal partner in JobRad Group to further strengthen our position on the Belgian & Dutch market”, says Joep Kempen, CEO Cyclis Bike Lease.
The founders of Cyclis Bike Lease all remain on board as shareholders. Belfius Bank, which acquired a minority stake in 2019, is leaving as a shareholder but continues to collaborate commercially with Cyclis Bike Lease based on its ambition to inspire and guide its customers in the transition to sustainable mobility.
The entire team of management and employees, led by CEO Joep Kempen, also remains unchanged.
This transaction was supervised by Monard Law for the A-shareholders and for Cyclis Bike Lease and by Deloitte Legal for JobRad Group. Level Next acted as M&A advisor to JobRad Group, and EightAdvisory as financial and tax due diligence advisor.
