We are advising the world’s leading bicycle company, Pon.Bike, on the construction and opening of a new factory in Kėdainiai, Lithuania. The new factory will be able to scale up to an annual production capacity of 600,000 bikes and will be equipped to produce bikes for brands such as Gazelle, Kalkhoff, FOCUS and Urban Arrow. Pon.Bike expects to hire around 300 people over the first three years of operations, a number that could grow to over 500 in the future.
To meet growing demand and keep logistics simple and efficient, the company is increasing its manufacturing capacity in Europe. Besides running a factory in Dieren, the Netherlands, Pon.Bike is currently building a factory in Cloppenburg, Germany. The factory in Lithuania, which will open in 2024, is the latest addition to the company’s expansion plans.
Pon.Bike will operate in the 13-ha Kėdainiai Free Economic Zone (FEZ). The industrial site Kėdainiai FEZ offers foreign investors well-developed physical and legal infrastructure, support services, and tax incentives.
Our services and project team
We are assisting the client on all legal matters related to investing in Lithuania and planning to build a bicycle factory, including setting up a company and investment agreements. We are also advising client on all aspects of development. We provided legal advice on site selection for development, drafted the necessary agreements, represented in negotiations with Kėdainiai LEZ and construction manager. We continue to work actively on contracts with construction stakeholders and other factory construction matters.
The project team included partners Algirdas Pekšys, Asta Augutytė-Rapkevičienė and Mantas Petkevičius; senior associates Mantas Kušlys and Ieva Tumalavičiūtė and associate Jurgita Tekorienė. The team also included legal assistant Barbora Bernatonytė.
