Companies

Incoming CEO Ed Cully previously held the same position at Whytes bikes. – Photo enviolo

enviolo appoints new CEO as David Hancock steps down

AMSTERDAM, the Netherlands - E-bike component manufacturer, enviolo has appointed a new CEO. Ed Cully has succeeded inaugural CEO David Hancock and...

Babboe has entered the final phase of research into the safety of its cargo bikes. – Photo Babboe

Babboe offers replacement for 22,000 cargobikes after inspection

AMERSFOORT, the Netherlands - Accell Group subsidiary Babboe has issued a recall and replacement program for in total 22,000 cargo bikes. The first...

The Opium was one of the big eyecatchers at Eurobike 2022; on the right George Merachtsakis. – Photo Peter Hummel

myStromer and Revolt Zycling settle Swiss speed pedelec dispute

OBERWANGEN, Switzerland - The confiscation of all e-bikes at the Opium brand stand caused a big noise at Eurobike last year. The reason was the...

“I am still standing in this power struggle” says a defiant Beat Zaugg. - Photo Scott

Big bang at Scott Sports Group: Board of Directors fires CEO Beat...

GIVISIEZ, Switzerland - The announcement by Scott Sports Group SA majority shareholder Youngone Corporation to lay-off its CEO and minority...

Despite losing retail market share, IBDs in Switzerland saw turnover from repairs increase in 2023. – Photo Peter Hummel

Speed pedelec trend gives Swiss market glimmer of hope

AARAU, Switzerland - This Swiss bicycle market developed in 2023 in line with other European countries. After the sales peak in 2020-2022, the market...

Circulatory Capital was a lead investor when Rebike raised €24 million to expand into France, the Netherlands and Switzerland. – Photo Rebike

Private equity supporting growth of micromobility's circular future

EDINBURGH, Scotland - A 9-digit private growth-equity fund which has already supported Rebike, Bike Club and Grover in the micromobility sector,...

Market dynamics remained challenging throughout 2023 for hGears and were characterized by slower than expected destocking. – Photo hGears

E-drive maker hGears gives cautious outlook after revenue decline

SCHRAMBERG, Germany - hGears AG, the European precision e-bike transmission parts and components manufacturer, reports a 16.9% year-on-year decrease...

“We believe that 2024 will be a slow to stable year, but we expect a recovery in 2025,” said Piero Nigrelli, director of ANCMA’s bicycle sector. – Photo ANCMA

Italian bicycle market closes 2023 with 23% decline in sales

MILAN, Italy - The 2023 bicycle market in Italy closed with a 23% year-on-year decline in sales volume. Italy's bicycle industry association ANCMA...

Later this year, Alltricks plans to open a ninth store in Antibes, in the south of France, near Nice. – Photo Alltricks

Alltricks is moving forward in a tough market

MONTIGNY-LE-BRETONNEUX, France - The French Alltricks group has reported a 4% increase in sales last year despite the difficult conditions. "In 2023,...

All former top-10 exporters lost huge volumes in 2023. - Photo Shutterstock

Bicycle import in Europe drops to lowest level in decade

BRUSSELS, Belgium - The bicycle industry is eagerly waiting better times. Although some insiders noted slight changes in the market in a positive...