Jo Beckendorff

HERZOHENAURACH, Germany - Stock-listed automotive and industrial supplier, Schaeffler Group, which has been hit hard by the current automotive industry crisis has sold its subsidiary Schaeffler Bio-Hybrid GmbH via a management buyout to Meisterwerk Ventures GmbH.

BERLIN, Germany - To support the roll-out and European market launch of its Pedal Assisted Transporter (PAT), start-up Onomotion GmbH received a € 3 million cash-injection from InnoEnergy SE.

WÜRSELEN, Germany - Hamburg-based Peter Möhrle Holding (PMH), which focuses on corporate and real estate investments, is strengthening its bicycle market activities. It's newly founded Bike Holding PMH is taking a stake in BC GmbH & Co.KG, the parent company of bicycle online shop pioneer Bike-Components.

HELSINKI, Finland - Finnish sporting goods giant Amer Sports Corporation has announced some senior management changes. This follows the take-over last March by the newly formed Mascot Bidco, a consortium of investors built around leading Chinese sportswear company Anta Sports Product Limited.

KLOSTERNEUBURG, Austria - Founded only in 2013, Austrian kid and juvenile bike supplier Woom has made a name for itself not only in the German-speaking world. With the entry of a group of investors Woom founders and CEOs Marcus Ihlenfeld and Christian Bezdeka now have fresh money on board. This investment will help to grow further in- and outside Europe.

TAICHUNG, Taiwan - What happened to the OEM-industry event Taichung Bike Week, which was announced for 22 to 25 September? Due to COVID-19 the organisers had already turned this important international industry meeting into a small national industry get-together. As Bike Europe found out from co-organiser Wheel Giant, this year's event was cancelled just before the opening. How and why you can find out here.

KUFSTEIN, Austria - Before Covid-19 hit the global market young e-mobility service company Greenstorm Mobility GmbH had been working on nothing but growth and expansion. The 2016 founded start-up has now hit the brake and will only focus on what they call essential business areas - meaning, "where experience has shown that it makes sense and above all stands for profit and liquidity".

SCHLITTERS, Austria - Nox Cycles, the sister brand of Hawk Bikes, was founded 16 years ago by the late Lorenz Hoser and his team in Berlin. Since 2017 the company has relied on its own close to the market e-bike production site in Austrian Ziller Valley. Now the activities of local Nox Cycles Austria GmbH, based in Zell am Ziller, will be significantly expanded.

KONSTANZ, Germany - D2C-supplier Canyon Bicycles GmbH ended the financial year 2019/2020 (September end) with a record sales turnover of €400 million, an increase of 30%. Company founder and CEO Roman Arnold believes that the time is now right to set the future course for further growth, including changes to top management and enticing new investment partners. 

HOYA, Germany - "With a total of 22 locations in Europe and 63 sales territories, Hermann Hartje KG is entering its 125th anniversary year in an extremely healthy manner, despite the fact that the celebrations unfortunately had to be cancelled," say Managing Director Hermann Hartje, while examining today's Hartje business. Despite the hurdles, the family-run business is moving steadily forward. Pre-orders for season 2021 have, for example, been "unexpectedly good".