Jo Beckendorff

MUTLANGEN, Germany - A difficult market situation including slow consumer spending made Advanced Sports GmbH decide on 1 April last year to apply for insolvency in self-administration. Shortly before Christmas, the European distributor of Breezer, Fuji and SE Bikes report that their insolvency plan had been accepted.

GEDERSDORF, Austria - Two-wheel mobility product supplier, KSR Group, has successfully developed a restructuring plan since applying for a chapter 11 status earlier this year. With this, 140 jobs have been retained, independent business decisions can be made again and there are even talks with potential investors, reports the company from Austria.

OBERNZELL, Germany - Cycling and sports gear manufacturer Uvex Group announced the closure of one of its European production locations in a strategic reorientation. The company will close its independent helmet production subsidiary, known as BSA, by the end of 2024. Approximately 190 jobs are affected by the closure.

STOCKHOLM, Sweden - Swedish cycling and sports equipment group WeSports Scandinavia AB has acquired a stake in compatriot Thevea Brands Group AB. The aim is to strengthen its distribution network across the Nordics market.

MUNICH, Germany - Following this year's soft launch at the world's largest consumer electronics and household appliances trade fair IFA 2023 in Berlin in September, Reebok E-Mobility celebrated its official launch with a large booth at Ispo Munich 2023. Amongst the company's products is a range of 'Assembled in Europe' e-bikes.

TAIPEI, Taiwan - Taiwan's top three bicycle and e-bike producers Giant Manufacturing Company Limited (Giant Group), Merida Industry Co., Ltd. and Ideal Bike Corporation have presented their Q3 financial results. All three are mainly affected by the sales and profit slumps in the valuable western market.

SCHRAMBERG, Germany - German precision gear and component manufacturer hGears AG reports a consolidated revenue of €84.1 million from January until October, a year-on-year decline of 18.8%. This decline is attributable to market difficulties for the e-mobility as well as the e-tools division.

NOVI TRAVNIK, Bosnia-Herzegovina - Regensburg-based e-chopper and e-cruiser supplier Ruff Cycles GmbH has not only made its name as a supplier of cool lifestyle mobility products, but also with its own European frame production facility in Bosnia-Herzegovina. With the backing of new partner Pierer New Mobility, a ground-breaking ceremony has now taken place for a new production plant in Bosnia-Herzegovina, which is set to open in the first half of 2024.

KASSEL, Germany - After company founder Bernhard Rohloff passed away in May the shareholders of Rohloff AG have now appointed a new supervisory board. The new board of the internal gear shifting expert now consists of Katja Lubitz, Constantin Ziehe and Ernst Brust.

DRESDEN, Germany - German e-commerce outlet Bike24 Holding has reported a 16% drop in total sales to €61.1 million in Q3, despite full bike sales seeing a 26% upturn due to an 'expanded brand portfolio'. In addition, the margin improvement initiatives continue to show positive development during the third quarter of 2023.