philanthropic

Tim Johnson joins USA Cycling Foundation as development director

COLORADO SPRINGS, Colo.

Swiss e-bike maker takes on financial partner

HUTTWIL, Switzerland (BRAIN) Jan 30, 12:32 MT— EGS Investment has acquired a 40 percent share in Swiss e-bike manufacturer Biketec AG, maker of the popular Flyer electric bikes. EGS Investment Ltd is a subsidiary of the Ernst Goehner Foundation, a trust named after the late Swiss entrepreneur Ernst Goehner that funds cultural, social, environmental and educational projects. Biketec’s shareholders had been evaluating potential funding partners for some time in order to keep up with rapid growth and ensure the company’s long-term independence.