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.
ANNECY, France - Component manufacturer Mavic has announced a change in its market strategy. To improve its presence on the OEM market again, component manufacturer Mavic opened a facility in the US and has hired experienced François Joly as OEM business unit manager.
KASSEL, Germany - After company founder Bernhard Rohloff passed away in May the shareholders of Rohloff AG have now appointed a new supervisory board. The new board of the internal gear shifting expert now consists of Katja Lubitz, Constantin Ziehe and Ernst Brust.
RAUBLING, Germany - Iko Sportartikel Handels GmbH - first better known as Iko-Corratec and with the success of its bicycle brand now known as Corratec - has strengthened its management team with an experienced chief operating officer (COO). An industry outsider, Jochen Vogt aims to "change from a manufacturer with individual assembly to a series producer with line production."
COLOGNE, Germany - Europe's largest bicycle dealer cooperative ZEG has hired industry veteran Jens Stahlschmidt as new member of the board of directors. In the announcement ZEG writes "to prepare for the future" with this decision.
HARD, Austria - The company shareholders of Austria's second-largest bicycle manufacturer Simplon Fahrrad GmbH have appointed Stephan Wabnegger as managing director with immediate effect. In a rather surprising move for outsiders, the previous managing director duo, consisting of CEO Stefan Vollbach and COO Thomas Zenker, are resigning from their corporate functions and will leave the company.
ZEIST, the Netherlands - The e-bike industry has been affected by the dramatic supply chain crisis due to automotive chip shortages, largely caused by Covid-19 and other socio-economic factors. This has resulted in difficulty in sourcing smart BMS's with automotive components at reasonable prices.
LUTON, England - European e-scooter provider, Voi Technology, has signed a partnership with a UK-based waste management company to safely dispose and recycle end-of-life batteries from its electric vehicles.
FRANKFURT, Germany - Energy storage, raw material prices, dependence on China, these were some of the issues addressed by Sven Bauer, CEO and Founder of BMZ during his keynote presentation during the Battery Experts Forum held in Frankfurt last week. However, supply chain shortages which have also gripped the e-bike industry was also high on the agenda.
BRUSSELS, Belgium - LEVA-EU board member, Eddie Eccleston has been appointed to the Small Business Standards (SBS) organisation. In this position as SBS-expert, he will help drive better rules for LEV manufacturers operating in the European Union.
HEERENVEEN, the Netherlands - Accell Group has announced the appointment of Thierry Cornec as Regional Director South Europe, effective July 16th, 2020. He will be in charge of the operations in the region which includes France, Spain, Portugal and Italy.
WATERLOO, USA - Trek Bicycle has announced that it will be promoting European Sales Director Harald Schmiedel, to Vice President of European Business. Previously, Schmiedel had been the Country Manager for the German, Austrian, and Swiss markets; a role that he has held since 2006.
TAIPEI, Taiwan - Satoshi Yuasa - by many in the industry named Sato-san - announced at Taipei Cycle that he has stepped down from the Shimano Board as he is due to turn 65. It does not mean that, after a 40 years career, he is leaving the world largest bike components maker.
SCHWEINFURT, Germany - Accell Group announces to have incorporated a new sales structure in the DACH region (Germany, Austria and Switzerland). Goal of the integration of strengths and competences is to offer the company's specialized trade partners a more effective and better service.
HEERENVEEN, the Netherlands - Accell Group N.V. intends to appoint Ruben Baldew, currently financial director of Unilever Thailand, as Chief Financial Officer (CFO) and member of the Board of Directors. Ruben Baldew will succeed Hielke Sybesma, who left Accell Group in May of this year.
ULFT, Netherlands - Marc Roelofsen - former MD of Pon Bike Group owned BBB Cycling - joins Dutch bicycle baskets and bags supplier Basil.
Industry outsider Federico Musi has been appointed CEO of the Look Cycle Group as of September 1 this year following the acquisition of the company by ...
