MILAN, Italy - The family investment vehicle of Victor Luis, announced today that it had acquired 100% of Gruppo Srl, parent company of the Italian heritage brands Cinelli and Columbus.

BERLIN, Germany - Sports e-commerce and technology platform Signa Sports United (SSU), which has been trading on the US Nasdaq exchange since 15 December 2021, has announced financial results for the first sales quarter of its 2021/2022 fiscal year. Despite supply setbacks, SSU is 'pleased' with the achieved revenue growth.

BRUSSELS, Belgium - Cycling Industries Europe is hosting a webinar on February 23rd as part of its Cycling Innovation Network (CIN). With two top level speakers, the webinar will examine what the innovation process looks like in large companies.

MAGDEBURG, Germany - German bike manufacturer Urwahn Engineering GmbH, which relies on steel in the 3D printing process, has won over "a select group of top-class business angels" to push their business forward. Together they have invested an unspecified seven-digit sum in the young company founded by Sebastian Meinecke and Ramon Thomas.

VIENNA, Austria - The company's first foldable gravel bike has already made an appearance at the Pro Days in Paris (July 18-20) and Eurobico in Frankfurt (July 24-26). The Viennese folding bike manufacturer combined the flexibility of a folding bike with riding performance for off-road use.

FRIEDRICHSHAFEN, Germany - Registration has now opened for this year's Eurobike Award. Companies, designers and developers of the international bike and mobility sector have until 8th July to register their new products for the 16th edition of the Eurobike Award 2021. The winning products will be showcased at this year's event scheduled for 1-4 September.

SERZEDO, Portugal - Europe's largest bicycle producer in units, RTE, is strategically expanding its business. On the one hand, an e-bike factory for its own young e-bike brand Beeq as well as for (OEM-) production has been started by the Portuguese near the existing bicycle factory in Serzedo. Furthermore, in Poland another RTE factory is currently under construction.

REDDITCH, UK - The latest seven weekly set of figures from the UK's leading cycle retailer Halfords shows annual profits for the 2020/21 financial year are expected to be in the range of £90-£100 million (€104-€115 million). These 'better-than-expected' figures are underpinned by spectacular cycling sales figures.

SUZHOU, China - Bafang is investing in a new facility for the development and production of high-end battery packs. 'Bafang New Energy' is the project name of the third wholly owned subsidiary in China created by the e-drive systems manufacturer.

OSAKA, Japan - In its financial statement of the first half of 2020 the Shimano Group reports a decline in sales of its bicycle component segment of 14.6%. From the same period of the previous year, bicycle components turnover slid to JPY 122,6 million (€992 million), and operating income was down 19.7% to JPY 22,96 million (€186 million).

OBERWANGEN, Switzerland - myStromer AG reports double-digit growth across its markets and the sale of over 12,000 speed pedelecs in 2019. According to a company statement, last year's sales exceeded targeted figures.

REDDITCH, UK - Halfords has released its latest update on its trading performance for the 20-week period to 16th August 2019. It shows retail cycling sales down 1.1 percent like-for-like compared to the same 20 week period in 2018.

ASSAMSTADT, Germany - With two newly developed integrable rechargeable batteries, Ansmann is expanding its broad product range offering designers and manufacturers of e-bikes. These new types of solutions offer standard applications for rapid and cost-effective implementation. Both can be realised and configured to individual customer requirements.

ZURICH, Switzerland - The latest news about Accell Group suggest that the company is doing everything it can to limit the damage that the recent sale of the heavily loss-making US operations has caused.

REUTLINGEN, Germany - Bosch eBike Systems and Magura announce a closer cooperation in service and replacement parts distribution. Bosch eBike Systems is taking a 50 percent stake in Magura Bike Parts, a subsidiary of Magura. The new joint venture will operate under the name Magura Bosch Parts & Services GmbH & Co. KG.

Financial markets as well as analysts are responding to the yesterday announced sale of its U.S. activities by Accell Group as 'good news'. They are glad that Europe's biggest in e-bikes has been able to get rid of its troublesome subsidiary that showed rapidly growing losses.

SANGERHAUSEN, Germany - The latest ruling of the court of appeal in the Germany city of Naumberg is likely to improve the insolvency rate for MIFA AG creditors.

CHICAGO, USA - 'Always in the right gear' is SRAM's payoff for eTap AXS groupset launched yesterday. The new bike component integration system take wireless shifting to the next level.

KARLSTEIN, Germany - The BMZ Group took over the Frankfurt-based TerraE Holding GmbH. In May 2017 the TerraE consortium was founded by three investors with the intention to build a factory for large-scale li-ion cell production. Last month German media reported that the project didn't take off successfully.

MONTREAL, Canada - Dorel Sports including Cycling Sports Group (Cannondale, GT, Mongoose among other brands as well as Pacific Cycle and Caloi) had a much better quarter than anticipated, surpassing earlier published expectations. Second quarter revenue increased USD 15.5 million, or 7.4%, to USD 224.5 million.