ONOMOTION and Emoving GmbH successfully complete transferring reorganisation
Berlin, 3 December 2024 – The provisional creditors’ committee has unanimously voted in favour of the transfer of the established and exercised business operations of ONOMOTION GmbH to Emoving GmbH. The transaction is part of the insolvency proceedings over the assets of ONOMOTION GmbH, which were initially initiated as provisional proceedings on 26 September 2024. The insolvency proceedings were opened on 1 December 2024. The transferring restructuring will also take place on 1 December 2024. This step will secure both the ONOMOTION brand and the product, the ONO e-cargobike, and transfer them to a new growth phase. In addition, all employees will be taken on.
ONOMOTION GmbH had already signed a memorandum of understanding (MOU) for a development and production partnership with DuTech Holdings Ltd, to which Emoving GmbH also belongs, in June 2024. The co-operation was continued during the provisional insolvency proceedings, as were the ongoing business operations.
Long-term future of ONO and ONOMOTION secured
The reorganisation transferred to Emoving GmbH ensures that both the heavy-duty cargobike for sustainable logistics, ONO, and the ONOMOTION brand will continue to exist and be developed further. ‘ONOMOTION is more than a brand – it is a promise of innovation and quality,’ explains Mr Rolf Hellenbrand, CEO of Tri Star Inc. EUROPE, to which Emoving GmbH also belongs. ‘Our priority will be to optimise the ONO and take the vehicle into new markets.’
Amicable agreement during the provisional insolvency
The insolvency administrator, Mrs Hoge-Peters, Hoge Gutsche Walter PG, is delighted with the successful conclusion: ‘Not only has a strategically suitable partner been found in Emoving GmbH, but a long-term perspective has also been created for the employees, the vehicle and the brand. This is a success for everyone involved, especially for the employees, but also for ONOMOTION’s customers.
A strong foundation for the future
Co-founder Philipp Kahle is optimistic about the next steps: ‘ONO and ONOMOTION are the result of years of development work. Through the takeover, we can ensure that this work continues and that our vision of sustainable mobility becomes a reality. We are looking forward to the new opportunities with Emoving GmbH and the partners from the TRI STAR Group.’
All employees will be taken on
A key component of the reorganisation is job security: All ONOMOTION employees can be taken over into the structure of Emoving GmbH. This not only ensures continuity, but also lays a strong foundation for future success.
Emoving GmbH
Emoving GmbH is based in Rheda-Wiedenbrück. It is part of DuTech Holdings Ltd. and thus of the TRI STAR Group. With branches in Europe, North America and Asia and almost 3,000 employees worldwide, the TRI STAR Group is an international player in the technology sector and an integral part of DuTech Holdings Ltd.
The group headquarters are located in Singapore; the development and production sites are distributed globally. In Europe, in addition to ONOMOTION, the bicycle manufacturers New Cycle and Prophete,as well as ALMEX GmbH Deutsche Mechatronics GmbH, FORMAT GmbH, krauth technology GmbH and METRIC Group Ltd (UK) also belong to the group of companies.
As a member of this globally active and strong technology group, ONOMOTION benefits from the expertise, resources and experience of our parent and sister companies. From development and international procurement to production, the group of companies can draw on its own resources. This enables us to move forward together with our partners and create solutions to shape the markets and our future.
Hoge Gutsche Walter (PG)
The law firm Hoge Gutsche Walter is one of the leading insolvency law firms in Germany with a nationwide presence at 14 locations.
For further information please contact us:
Contact:
Insolvency adminstrator:
RAin Ulrike Hoge-Peters
Hoge Gutsche Walter PG
+4930847126690
Inga Töller
ONOMOTION
+4930403631410