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Callista Group acquires leading e-bike retailer M-Way from TVS Motor Company

9 July 2026

Callista Group acquired the leading Swiss e-bike retailer M-Way from TVS EBike Company AG, an indirect subsidiary of Indian multinational bike, scooter and motorcycle manufacturer TVS Motor Company Limited, in an asset deal.

M-Way is a leading e-bike retailer operating over 30 stores in Switzerland and online, offering personal advice, free test rides, and workshop service to its customers. Callista Group is a Munich based private equity firm specializing in carve-outs, acquisitions and restructurings, with a focus on the manufacturing, industrial and retail sectors.

Walder Wyss advised Callista in this transaction. The Walder Wyss team was led by Iliana Djagova (Partner, Corporate/M&A) and included Erik Lanz (Senior Associate, Corporate/M&A), Vangelis Kalaitzidakis (Managing Associate, Tax), Kathryn Kruglak (Senior Associate, Employment), Milos Karic (Associate, Banking & Finance) and Argyrios Lygeros (Trainee Lawyer, Corporate/M&A).

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