Jan-Willem van Schaik

HEERENVEEN, the Netherlands - Accell Group has completed its recapitalisation process after it secured sufficient support from its key stakeholders last November. The sanction hearing in the English court on 23 January 2025, at which the court sanctioned the recapitalisation following the agreement that Accell reached with the majority of its financial stakeholders in October 2024, was the final step before yesterday's finalisation.

OSAKA, Japan - The 2024 financial report of Shimano Inc. indicates a rebound in sales in the second half of last year. However, in more detail the results look less promising for the international bicycle industry. The revenue in Europe and Taiwan was still down by double digits and the main growth market was China where revenue increased by almost 60%. In the long-term Shimano remains positive on bicycle sales, but the bicycle component manufacturer also points to the potential impact of geopolitical developments.

COLOGNE, Germany - Taiwanese bicycle manufacturer Tern has announced plans to establish its first distribution office in Europe. Dubbed Tern ZE, the Cologne-based facility will begin operating on 1 July 2025 and should enable the firm to better support its customers in Europe.

FRANKFURT, Germany - DJI was one of the biggest newcomers on the e-bike market last year creating a lot of rumor during the tradeshows. What makes the e-bike market so interesting for this leading manufacturer of drones which generates a multi-billion revenue? The introduction into the e-bike market was put in the hands of drone pilot and DJI Product Experience Director Ferdinand Wolf.

TAICHUNG, Taiwan - Following allegations by LeMonde Diplomatique about indicators of forced labour according to the International Labor Organization (ILO) in the Taiwanese bicycle industry, the trade association Taiwan Bicycle Association (TBA) felt the urge to respond. "Taiwan as the crucial global supply chain has the responsibility to do things right in every aspect and we appreciate your effort in providing us the guidance and advice regarding the foreign labour issues," the TBA told Bike Europe.

OSLO, Norway - The innovative software of BikeFolder might potentially create so much relevant data for the industry, that Shimano Nordic announced a partnership with the start-up in the Nordic region. BikeFolder offers a solution for bicycle manufacturers that gives them insights into where their products go once they leave the factory and what happens during their lifecycle.

BRUSSELS, Belgium - The reaction to the EU's recent decision to extend the anti-dumping and countervailing measures against imports e-bike from China doesn't come near the heavy discussions six years ago when the measures were implemented for the first time. For that reason, LEVA-EU now draws attention to the cheap and non-compliant e-bike from China and the complex exemption processes for 'made in China' e-bike components.

VELDHOVEN, the Netherlands - Darfon, announced the appointment of René Timmermans as European-based director of OEM/ODM, effective immediately. In this role, René will be responsible for the management of all commercial matters involving Darfon Energy, Astro Tech and Kenstone, bringing a wealth of expertise and leadership experience to the team.

MADRID, Spain - Two Rotor Bike Component founders have launched a new performance cycling brand. Pablo Carrasco and Ignacio Estelles merged their vision and manufacturing expertise carbon manufacturer YMA to develop bicycle components. QO's first product line is a series of carbon fiber cranksets on display at Velofollies earlier this month.

KORTRIJK, Belgium - Is Belgium the 'most promising market' amidst the other European markets where companies are struggling with financial burdens and slow demand? "2024 has not been a crisis year for the bicycle industry," said Paul Glorieux, secretary general of the Belgium industry association Traxio-Velo at the presentation of the 2024 market statistics.