The crisis at Accell Group has now reached Germany directly. Four German subsidiaries — Accell Germany, Winora Staiger, Ghost-Bikes and parts wholesaler E. Wiener Bike Parts — have filed for insolvency under self-administration at the district court in Schweinfurt. The move puts the Haibike, Winora and Ghost brands squarely inside formal restructuring proceedings, just days after the Dutch parent company was granted a suspension of payments.
Crucially, operations are set to continue while the preliminary proceedings run. The company says wages for its roughly 370 employees at the Sennfeld and Waldsassen sites are secured through insolvency benefits until the end of October. What remains unclear is how production, dealer deliveries, warranties and spare-parts supply will be affected in practice — Accell Germany has not yet detailed any restrictions.
The stated goal is an investor solution that would carve the German business out of the international Accell Group entirely. That could be the best-case scenario for the brands: the German unit reported revenue of more than €340 million for 2025, and Haibike in particular remains one of the strongest names in the full-suspension e-MTB and SUV e-bike segment across the DACH region.
The filings follow the definitive collapse of a structured sale process for the whole group at the end of July. Insolvency proceedings have reportedly been initiated in numerous other markets as well, including France, Italy, Spain and the Nordic countries. For dealers and riders, the coming weeks will show whether a buyer steps up.
Source: eMTB-News.de