DGAP-Adhoc: GOVECS acquires electric scooter of Spanish motorcycle manufacturer Rieju and secures additional production capacity

DGAP-Ad-hoc: GOVECS AG / Key word(s): Miscellaneous
GOVECS acquires electric scooter of Spanish motorcycle manufacturer Rieju and secures additional production capacity

18-Oct-2018 / 09:14 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

About GOVECS:

The GOVECS Group is the leading manufacturer of electric scooters in Europe and is developing future-oriented solutions for urban mobility. The Company's success is based on high-quality 'Made in Europe' products for international vehicle sharing platforms and on custom-made designs for the rapidly growing merchandise delivery segment. GOVECS is selling electric scooters and accessories to the high-growth private customer segment via its own HappyScooter e-commerce platform. The GOVECS product range currently includes the e-scooters of the Schwalbe, ELMOTO, GO! S and GO! T brands.

www.govecsgroup.com

Contacts for media enquiries:

GOVECS AG, Daniele Cesca, dcesca@govecs.com, +49 89 411 09 77 15

Kirchhoff Consult AG, Nicole Schüttforth, nicole.schuettforth@kirchhoff.de, +49 40 60 91 86 64

Statements contained herein may constitute 'forward-looking statements.' Forward-looking statements are generally identifiable by the use of the words 'may', 'will', 'should', 'plan', 'expect', 'anticipate', 'estimate', 'believe', 'intend', 'project', 'goal' or 'target' or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the Group's or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward looking statements. You should not place undue reliance on forward-looking statements and the Group does not undertake publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.

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