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.
ZLIN, Czech Republic - Equinox Europe, the Czech-Taiwanese joint venture of Gigantex debuted two years ago with affordable brand line called Equator. The combination of discount pricing and flash sales was successfully tested on the Czech and Slovak
The loss of sales to major online distributor Fietsenwinkel.nl in the Netherlands and Sports Authority and Sports Chalet in North America put heavy pressure on Accell's first half of 2018 results.
HAAR, Germany - Late February, e-bike drivetrain producer BionX Canada Inc. had to file for bankruptcy in Canada. On June 15 the bankruptcy sale of part of BionX Canada was approved by court while the remaining business activities were closed.
Introduced as a Kickstarter project Blaze and rebranded this year as 'beryl' the company will bring out a new generation of lights for city-cyclists at Eurobike. "We want to be the most-loved consumer brand in the urban cycling space," said beryl founder and CEO Emily Brooke.
Belt drives offer many advantages to the cycling world, but a big caveat has been that specially designed split frames are needed to install a belt. Veer is seeking to change that. With their innovative belt splice technology, joining a belt through the rear frame triangle like a chain is now possible.
After Accell's announcment of its 2017 financial results last Friday Bike Europe spoke with CEO Ton Anbeek. In this interview he speaks about the roll-out
"The bicycle market is going through rapid changes where omni-channel is seen as an interesting distribution mix next to existing distribution channels.
After opening the facility in Bulgaria Leader 96 OOD announces that it has taken-over the German brands Panther and Jaguar from Panther International GmbH.
ZERBST, Germany - Just after the peak of the bicycle sales season, the German bicycle manufacturer Euro-Bike applied for insolvency which was published last Monday. Euro-Bike is known for manufacturing brands like Schindelhauer, Rothwild, Coboc and Nikolai.
Signa Holding GmbH is said to be studying possibilities of an IPO for its for years heavily expanding sporting goods retail business of subsidiary Signa
Shipments by suppliers to dealers in the United States dropped by 15% in volume in the first three months of 2017. Shipments in March were in particular low
Tyre maker Hwa Fong Rubber Industry Co. plans to invest about USD 46m in expanding its production capacity in Thailand to meet growing demand.
Pon Holdings, owner of Pon Bike Group, has placed a bid for all shares of Accell Group. This bid comes after Pon Holdings provided the management board
SAKAI CITY, Japan - Compared to last year, the 2017 half-year sales and operating income decline of Shimano's bicycle division was less dramatic
