Bosch buys out Magura, further consolidating components holdings

Bike-EU reports that e-bike systems maker Bosch has acquired Magura's remaining 50% stake in its e-bike parts subsidiary, giving it full control of the popular e-bike brake OEM. Bosch has owned a 50% stake in the company since 2019, when it was formed as a new joint venture between the two parent companies. Cycling Electric reports the company will continue to operate independently, as a wholly owned subsidiary. A spokesperson for Bosch said the deal represents the company's commitment to supporting its network of dealers.