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LEVA-EU member Pendix reports another record year

149 days ago

2 minutes

Source: RadMarkt, J. Beckendorff

2022 “couldn’t have gone better” for the Zwickau-based manufacturer of retrofit electric bicycle drives

In 2022, Pendix GmbH completed the purchase of its cooperation partner VSC Bike GmbH, a cargo bike box supplier; alongside this, Johnson Electric Group now holds a majority 80% stake in Pendix. With so much activity, it’s unsurprising that the business’ previous record year of 2021 has been overtaken by another record year.

For Pendix Managing Director Thomas Herzog, the year 2022 could not have gone better: “After the two Corona years, it was great to finally meet colleagues from the industry again without restrictions at the trade fairs. And we are also completely satisfied internally. We have ten new colleagues, are now 63 people and are still looking for support. Even if we continue to grow, also in terms of personnel, we want to maintain our team spirit… We want to continue with this motivation in 2023. The cooperation with Johnson Electric gave us wings again.”

The demand for retrofit systems continues to grow, with the brand’s largest market being the Netherlands, representing almost 10% of 2022’s turnover.

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