“Making it Better” is a purpose Semapa adheres to every day, thus dictating its investment decisions, such as the acquisition of a 100% holding in the producer of frames for e-bikes Triangle’s – Cycling Equipments (www.triangles.pt).
Triangle’s – Cycling Equipments, a company based in Águeda, became a member of Semapa’s portfolio companies in 2023, reinforcing strategy to “invest in sectors for the future, combining decarbonisation and sustainability goals with growth perspectives”, as stated by Semapa’s CEO, Ricardo Pires.
Founded in 2015, this company produces aluminium frames for e-bikes, by applying high levels of automation with a wholly innovative model. From the start, the company invested heavily in Innovation and Development, becoming a world reference in the production of e-bikes frames.
Innovation and Quality
Triangle’s is a pioneer in the sector by leveraging on high levels of industrial automation, unparalleled in the market. By investing in cutting-edge robotics technology, the company uses state-of-the-art equipment in the different stages of production, from hydroforming to thermal treatments and cutting, as well as washing, painting and welding.
Besides investing strongly in innovation and technology, quality control is also a key differentiation factor of the company as it bases its entire process on sustainable and certified models.
Its client portfolio includes numerous prestigious brands in the cycling equipment sector and practically all its sales are destined for export, which allowed Triangle’s to experience a fast-paced growth trajectory, showing a very significant increase in turnover between 2020 and 2022: from 8.1 to 36.7 million EUR.
A future with growth
Semapa foresees a promising future for this company: “We are very excited with Triangle’s potential and with the quality and entrepreneurial spirit we have found in the company’s talent”, declared Ricardo Pires.
Semapa plans to continue this trajectory filled with achievements by investing in the expansion of Triangle’s – Cycling Equipments’ installed capacity and also continue to accelerate its technological development, seeking to transform it into a platform for the future, within a sector with high growth perspectives.
The plan is to consolidate Triangle’s – Cycling Equipments as an international reference, supporting the development of e-mobility solutions – a crucial sector for the decarbonisation and creation of healthier, more sustainable communities. For this purpose, Semapa counts on the continued contribution of all the employees who work for the company as well as on the previous majority shareholder and key driver of Triangle’s, Armando Levi, who remains a member of the board of directors.