![Photo: Dr. Peter Christian Schmidt, partner at Heuking Kühn Lüer Wojtek in Hamburg](https://cdn.fyb.de/wp-content/uploads/2024/06/dr-peter-christian-schmidt-heuking-heuking-400x400.jpeg)
HEUKING advises Peter Möhrle Holding on the sale of GROFA
Hamburg — Peter Möhrle Holding sells Grofa Action Sports (Bad Camberg, Germany) to the electronics group Darfon Electronics (Taoyuan City, Taiwan). In a first step, the transaction comprises the acquisition of 80% of the shares in Grofa Action Sports GmbH, which was founded in 1980, with the option to expand to 100%. A team led by HEUKING partner Dr. Peter Christian Schmidt advised Peter Möhrle Holding on this transaction.
Grofa Action Sports GmbH is a distributor of bicycles, e‑bikes and their components, bicycle and sports accessories. The sales network covers Germany, Austria, Belgium, the Netherlands, Luxembourg and Poland. In total, Grofa serves over 5,800 retailers and major customers. Grofa currently represents 27 premium sports brands with a focus on brand development, brand management and market expansion. In 2023, Grofa achieved a turnover of more than 100 million euros.
Darfon Electronics is a Taiwanese electronics group mainly engaged in the research and development, manufacturing and sales of precision computer peripheral products and components for green energy products. For Darfon, the acquisition marks its first entry into the German market and a targeted expansion in the European e‑bike sector.
The transaction is still subject to approval by the antitrust authorities.
Consultant Peter Möhrle Holding: HEUKING
Dr. Peter Christian Schmidt (in charge),
Dr. Julius Wedemeyer, LL.M. (both corporate law/M&A),
Dr. Stefan Bretthauer (Merger Control),
Dr. Hans Markus Wulf (IP, Media & Technology),
Nathalie Hemmerling (Corporate Law/M&A),
Jia-Xi Liu (Merger Control), all Hamburg