Jo Beckendorff

GIVISIEZ, Switzerland - The announcement by Scott Sports Group SA majority shareholder Youngone Corporation to lay-off its CEO and minority shareholder Beat Zaugg did not come as a surprise for industry insiders. Following the cash injection of SFR 150 million (€160.6 million) by Youngone last December, a reorganisation was inevitable.

STUTTGART, Germany - In less than a month after the Fraser Group announced the takeover of Wiggle and Chain Reaction, the UK online business of Signa Sports United, the insolvency administrator reports the acquisition of a part of the German online business of former giant Signa Sports United. The new owner of the platforms Fahrrad.de and Bikester is Koehler Group Holding GmbH.

SCHRAMBERG, Germany - hGears AG, the European precision e-bike transmission parts and components manufacturer, reports a 16.9% year-on-year decrease of its 2023 consolidated revenue of € 112.5 million. hGears faced an extremely challenging years in its e-bike business.

ANNECY, France - There is a new face at the helm of French component manufacturer Mavic. Having worked with Jean-Michel Bourrelier for more than five months, Alberto Morgando officially took over the position of managing director on 20 February.

VITORIA-GASTEIZ, Spain - Bicicletas Mendiz S.A. is one of several bicycle manufacturers from the Basque Country. It was founded by a former professional road racing cyclist. Since 2018 the niche brand has been in the hands of six Basque private investors. Thanks in part to a growing export business, the company has been able to double sales in recent years. However, the current annual production is still just 3,500 units.

EGÜES, Spain - Conor Sports S.A. is a bicycle supplier in the northern Spanish region of Navarra with roots in professional road racing. With a strong foothold in the domestic market the brand also offers city bikes at affordable prices. A growing export business is the next step for the brand.

ELCHE, Spain - The 12,000 square meter company headquarters of MTB brand Mondraker is an eye-catcher itself: the round shape inspired by a wheel is intended to reflect the brand image of the premium brand. In Elche in the province of Alicante, administration, R&D, engineering & design as well as production and assembly are all under one roof.

VALLVIDRERA, Spain - Together with industrial designer Nachos Suárez, US native David Álvarez launched Guava Bikes in Spain. With a new clubhouse just outside of Barcelona and a burgeoning community which includes sporting investors, the niche gravel bike is positioning itself for growth.

NUREMBERG, Germany - Following the sale of e-bike retail chain store M-Way from Swiss retail conglomerate Migros-Genossenschafts-Bund to Swiss E-Mobility Group AG (SEMG) in September 2019, the long-awaited move into Germany has now taken place. On 6 February the company celebrated the opening of its first M-Way store in Nuremberg.

ELCHE, Spain - Team Bike S.L. is not only one of the largest and most important bicycle product wholesalers and importers on the Spanish market, but also the entire Iberian peninsula. During a visit to the 3,000 square meter company headquartered in Elche, Bike Europe learned that it has much more to offer than the in-house SRAM Iberia Tech Center and being the former birthplace of the offroad premium brand Mondraker.