Jo Beckendorff

BÜHL, Germany - The time has finally come: Schaeffler Automotive Buehl GmbH & Co. is starting production of its 'Free Drive' digital drive technology developed by Schaeffler Group and Heinzmann. Production capacity is planned to steadily increase over the next few years.

BERLIN, Germany - The past fiscal year was "a year of two halves," for German e-commerce retail giant Signa Sports United (SSU). "We were able to meaningfully increase our scale through acquisitions before being affected by the macroeconomic turbulence," explains CEO Stephan Zoll on release of the FY2022 results.

TAIPEI, Taiwan - Two filings from bicycle producer Giant Manufacturing Company Ltd., ran over the ticker of the Taiwan Stock Exchange (TWSE) on 20th January. Both filings are related to an investment in the US indoor cycling specialist Stages Cycling LLC.

DEVA, Romania - The announced insolvency of Prophete Group last December immediately raised questions about the impact on the Eurosport DHS SA operation in Romania. Prophete holds 47.5% of the Romanian company. Reason enough for Eurosport DHS CEO Tianqi Yang to issue an official statement on the current situation.

GROSSHELFENDORF, Germany -Fritzmeier Group, the parent company of niche carbon e-bike manufacturer M1 Sporttechnik GmbH, has fallen victim to a criminal cyber-attack. Production is currently operating in emergency mode. This follows a similar cyber-attack on the Prophete Group, which ultimately contributed to its insolvency.

KLOSTERNEUBURG, Austria - The Hong Kong-based family-run trading and logistics company Jebson Group has stepped into Austrian kids and juvenile bicycle supplier Woom GmbH. The additional capital will be used for further expansion in existing and new markets.

MUNICH, Germany - The events of 2022 had a huge impact on financial markets; it was a disastrous stock market year. The pandemic was barely halfway over when Vladimir Putin launched his crucial attack on Ukraine. The war disrupted the global energy and food markets but also led to high inflation in Europe. How are the listed e-bike and bicycle industries affected?

FRANKFURT, Germany - Private equity company Brockhaus Technologies acquired a majority stake of around 60% in Bikeleasing in July 2021. The German company which supplies business bikes for employers, employees and those self-employed has now helped its new owner set sales records in the first three quarters of 2022.

JAKARTA, Indonesia - With the opening of a new two-wheeler factory in Indonesia, Italian two-wheeler giant Piaggio & C. S.p.A. is strategically continuing its international expansion course in Southeast Asia "in a market of growing importance".

WELS, Austria - Pierer Mobility AG expanded its motorcycle activities last September when its subsidiary KTM AG took over MV Agusta Motor SpA's exclusive motorcycle distribution in North America. The cooperation between the two European motorcycle and e-bike suppliers is being strategically intensified again, with KTM AG also taking a 25.1% stake in MV Agusta.