Jan-Willem van Schaik

AALBORG, Denmark - PentaLock has raised €1.6 million in pre-seed funding from current investors and a lineup of Danish business angels. This investment will allow the start-up to make the next step in developing the company and meeting the target market's needs.

HEERENVEEN, the Netherlands - The extraordinary general meeting of shareholders of Accell Group, which took place on Friday 20th May, voted in favour of the recommended public offer. Kohlberg Kravis Roberts & Co. LP (KKR) and Teslin Alpine Acquisition initial offer was €58 making the total amount €1.56 billion.

BRUSSELS, Belgium - China's position as bicycle supplier for the European Union is rising rapidly. Last year the import of bicycles from China increased by more than 23% to almost 960,000 units. The latest 2021 EU imports statistics show some more remarkable shifts.

MILAN, Italy - The family investment vehicle of Victor Luis, announced today that it had acquired 100% of Gruppo Srl, parent company of the Italian heritage brands Cinelli and Columbus.

BRUSSELS, Belgium - "Cycling is unique," declared Kevin Mayne, CEO of CIE during the recently held CIE 2022 Summit. "During the pandemic we showed that no other sector can transform urban mobility and leisure faster than cycling. If Europe wants to kick start the Green Deal and get out of Russian oil rapidly then cycling is the fast track."

LUXEMBOURG - The anti-dumping case on e-bikes imported from China might enter an all-new chapter after the first level judgement of the European General Court. The court has annulled anti-dumping and countervailing duties implemented by the European Commission back in 2019 on e-bikes made in China by Giant Electric Vehicle Kunshan Co. Ltd.

AKRON, USA - Goodyear Bicycle Tires has launched the next generation gravity range of mountain bike tires with two new tread patterns, the Newton MTF and Newton MTR. First launched in 2018 with Goodyear's official licensee, Rubber Kinetics, the all-new Goodyear Newton MTF and Newton MTR mark the most significant advancement in the brand's mountain bike tire portfolio.

STUTTGART, Germany - In a distribution dispute between Paul Lange & Co and Selle Italia Srl the Italian court 'Tribunale de Treviso' took a final decision last March. The court made the final judgement that the premature termination of the disputed distribution contract by Selle Italia in 2017 was unlawful and thus invalid.

MORGAN HILL, USA - As a model range, the name 'Globe' is not new to Specialized, but with the creation of a new business unit baring the same name, the company will target an all new group of customers.

TAMPERE, Finland - Revonte has made an important step forward to get its ONE e-bike motor ready for mass production. The Finnish e-bike drive system developer announced a partnership with hGears for manufacturing the Revonte ONE e-bike motor in Europe. Both companies see the long term commitment as beneficial for their business.