Jack Oortwijn

PIETARSAARI, Finland - Sponsor Capital has acquired the majority of the shares of Herrmans; the Finnish producer of bicycle components and heavy-duty light solutions. The new owner of the company is to support future growth and to further strengthen Herrmans' market position and competitive advantages.

BRUSSELS, Belgium - Next week the European Commission will announce the definitive anti-dumping and anti-subsidy measures on the e-bike import from China. It ends a legal proceeding which took over 15 months.

AGUEDA, Portugal - Portuguese RTE S.A. is to open a bike making facility in Poland in 2021. With a current annual production total of between 1.2 and 1.4 million units, RTE is the biggest European bicycle assembly plant in Europe. The company produces exclusively for Decathlon.

CHICAGO, USA - SRAM announces that Stan Day steps down as CEO of SRAM LLC per January 1, 2019. Ken Lousberg has been appointed as his successor. He was COO of SRAM for the past 18 months. Day will continue to be Chairman of the Board of Directors.

WILTON, USA - Cycling Sports Group, a division of Dorel Industries, announced today that Eugene Fierkens has been appointed General Manager, CSG Europe. Adriano Nascentes, the division's current General Manager, has assumed the role of Chief Operating Officer for Dorel Juvenile Europe.

LAS VEGAS, USA - Playing music, listening to directions or ordering a takeaway while you commute home from work could soon be a reality thanks to a new 'smart bike'. The Cybic Legend, being unveiled at the Consumer Electronics Show (CES) in Las Vegas this week, comes equipped with Amazon's Alexa digital assistant.

BRUSSELS, Belgium - It's now almost certain; anti-dumping duties on e-bikes imported from China will be officially imposed next January. It looks like the last obstacle for the up to 79.3% extra duties being installed, has been overcome.

BRUSSELS, Belgium - Today, the EU member state representatives in the Trade Defence Instruments Committee are meeting to give their final judgment on the European Commission's proposal to impose up to 79.3% duties on import of electric bicycles from China. Last week, in the run-up to this meeting,

BRUSSELS, Belgium - Secretary General Dr. Bernhard Ensink is set to leave the European Cyclists' Federation (ECF) having served the organisation for over 12 years.

TAIPEI, Taiwan - Will a major move of the e-bike production out of China come in the next months? That question was widely discussed at the last month held Taipei Cycle Show. This was caused by the fact that finally the dumping message has sunk in among Chinese e-bike producers and exporters.