Jan-Willem van Schaik

AMERSFOORT, the Netherlands - In spring 2021, the Dynamo Retail Group expressed the ambition to further strengthen its dominant position in the bicycle retail sector. The current management outlined this future strategy in a three year plan. CEO Maarten de Vos will hand over the implementation

PHNOM PENH, Cambodia - The export value of Southeast Asia's largest bicycle supplier in January-October increased by 21% year-on-year. Cambodia's Ministry of Commerce reports a total export value of €453 million. Notably, however, the country is losing market sharing in Europe.

BILBAO, Spain - Canyon is to partially license Orbea's patented Inside Line technology. Orbea's Inside Line patent covers improvements of the internal routing for the rear shock lockout cable.

ZEIST, the Netherlands - Now that the end of year is in sight, it is my pleasure to wish all our readers and regular visitors of the Bike Europe website, happy holidays and a healthy and prosperous 2022.

LUND, Sweden - Terranet AB has made a major step forward in e-bike safety. The Swedish company developed 'BlincBike' which comprises a rear-view monitoring system that empowers cyclists to avoid accidents.

FOUNTAIN VALLEY, USA - Consumer brand investment firm Verlinvest has invested in Pedego. With the largest retail footprint of 200 branded stores, Pedego is currently enjoying the full benefit on the rapidly growing e-bike market in North America. The amount of investment of Verlinvest remains undisclosed.

COPENHAGEN, Denmark - A total of 6,530 investors were interested in Hagen Bikes, exceeding the IPO subscription of the Danish-Estonian cargobike manufacturer by 14.9 times. It shows that cargobikes are a hot investment.

TREVIGLIO, Italy - The construction of Bianchi's new, 17,000 square meter production facility started in November. The company aims to step-up its assembly capacity from 250-300 bicycles today to 1,000-1,500 units. The new factory will also house a carbon frame facility.

HEERENVEEN, the Netherlands - "We saw good sales levels and continued strong profit accretion in the second half of 2021 through November," said Accell Group CEO Ton Anbeek in a trading update published today. While the company still reported sales decline in the first half of this year, it is now much more positive on the expected full year results.

TAICHUNG, Taiwan - The integration of Foming TW ChangWa this year was the final stage of the consolidation of the DDK-Group. It also marks a €7 million investment in Vacuum Fitting Technology which makes the saddle leather fit automatically without manual nailing, giving the saddle an almost perfect finish.