Business

The ownership of the Cycleurope France production facility including the brand Gitane and license agreements for Velo & Oxygen and Peugeot has changed ownership. – Photo Cycleurope.

Cycleurope Group sells Romilly-sur-Seine factory to new owner

ROMILLY SUR SEINE, France - The operation of Cycleurope Group and Grimaldi Industri AB in France will be taken-over by the Rebirth Holding SAS as of...

Shareholders KKR and Teslin retain a significant majority controlling stake in Accell Group. – Photo Accell Group

Accell Group cuts debts by €600 mln with support of KKR and Teslin

HEERENVEEN, the Netherlands - Accell Group reached an agreement with a majority of its financial stakeholders and could improve its financial...

Bike maker Simplon is facing strong headwinds. - Photo Dieter Wertz

Simplon applies for Chapter 11 status as restructuring procedures...

HARD, Austria - Business has not always gone smoothly at Austria's second largest bicycle manufacturer, Simplon Fahrrad GmbH. How big these problems...

“Early 2024 we also had to wave the white flag and restructure to realign our company for the market recovery,” says Richard Thorpe on Youtube. - Photo Gocycle

Gocycle CEO: "We had to turn to crowdfunding to reboot our company"

LONDON, UK - Award-winning e-bike brand Gocycle has started a crowdfunding campaign to launch its new range of urban folding bikes. Founder and CEO...

Charles Lee, Chairman of Glory Wheel Enterprise and Spank Industries president Gavin Vos during the M&A signing ceremony in Taichung. – Photo GW

Glory Wheel expands global strategy with Spank and Fratelli...

TAICHUNG, Taiwan - Renowned Taiwanese bicycle component manufacturer Glory Wheel Enterprise Co., Ltd. (GW) has acquired the bicycle accessory brands,...

The main purpose of the acquisition for Giant Group is to expand their business footprint in the indoor cycling field. – Photo Stages Cycling

Giant Group acquires Stages Cycling

TAICHUNG, Taiwan - Giant Group has announced the takeover of Stages Cycling from its owner companies, some of which filed for Chapter 11 bankruptcy...

Qwic owner EcoMotion acquires AGU. – Photo AGU

Qwic owner EcoMotion saves cycling gear brand AGU from downfall

ALKMAAR, the Netherlands - Wholesaler and cycling gear brand AGU has announced its take-over by EcoMotion and withdrawal of the chapter 11 status....

"Our talented team was very eager to make this successful. As a bunch of bike enthusiasts we wanted to make a difference in the e-bike industry," says former Revonte CEO and co-founder Otto Chrons. - Photo Otto Chrons

Revonte CEO on why their drive system failed in a thriving e-bike...

TAMPERE, Finland - E-bike drive system brand Revonte was forced to file for bankruptcy one year ago. Since the launch of the product 5 years earlier,...

Merida Taiwan has enlarged its ownership in Merida & Centurion Germany from 51% to 90%, including the MCG factory in Hildburghausen, Germany. – Photo MCG

Merida takes over distributor Merida & Centurion Germany

CHANGHUA, Taiwan - Merida Industry Co. Ltd. Has enlarged its majority ownership in its German distributor Merida & Centurion Germany GmbH (MCG),...

Next investment round for e-bike brand Cowboy. – Photo Cowboy

Cowboy raises €5 million in new investment round

BRUSSELS, Belgium - The omnichannel brand Cowboy has announced a new strategic investor. Cypress Capital is leading a €5 million financing round...