HEERENVEEN, the Netherlands - Investment funds led by Kohlberg Kravis Roberts & Co. LP (KKR) including Teslin Teslin Alpine Acquisition has made a public offer on all issued and outstanding ordinary shares of Accell Group. The total offers amounts to €1.56 billion.
KARLSTEIN AM MAIN, Germany - BMZ Group, a global specialist in lithium-ion battery manufacturing, has opened its online store for e-bikes and e-bike accessories last week.
BERLIN/Germany - Bicycle and sports e-commerce platform, Signa Sports United, which is currently preparing for an IPO on Nasdaq, announced a strategic partnership with software developer, Motesque GmbH & Co. KG. computer vision and artificial intelligence (AI), they plan to launch
SAKAI CITY, Japan - Asian financial news services have announced a multi-million-euro investment scheme by Shimano Inc. The Japanese bicycle component supplier will expand both existing factories and build a new one.
OSAKA, Japan - Amid new waves of COVID-19 infections, global demand for bicycles has remained at a high level since last year. As a result, Shimano has reported that Q1 net sales in its Bicycle Components division increased 76.3% from the same period of the previous year to 103,757 million yen (€791 million), and operating income increased 169.3% to 27,730 million yen (€211 million).
SHANGHAI, China - Phylion took the opportunity of the 30th China International Bicycle show which was held in Shanghai this week to present its latest developments. As one of the leading manufacturers of light vehicle lithium batteries the Phylion booth was a showcase of the latest technologies, new products and new e-bike services.
EINDHOVEN, the Netherlands - Shimano is moving further into the e-bike market with the introduction of two new drive unit models. Designed for cargo bikes, the new Shimano EP8 and E6100 cargo-specific drive units, which will be available during summer 2021, come with built-in firmware for powering heavy loads.
VICENZA, Italy - Campagnolo's Bora series of high-performance racing wheels has been given an upgrade with the launch of the new Bora Ultra WTO series. The company says the new disc brake-only wheelset "takes an evolutionary leap ahead of its predecessors, with significant improvements to aerodynamics, stiffness and weight."
TALLINN, Estonia - Spurred on by the the growth of micro-mobility and connectivity industries, e-bike connectivty pioneer, Comodule have launched a new product. Bonnie & Clyde, an updated version of the succesful Master, "has been built to be the most compact quality IoT module on the market". The product is also said to be easier to integrate on a wider range of e-bikes.
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MONTREAL, Canada - Dorel Industries Inc. announces boosting sales results for its Sports division (including Cannondale, Schwinn, GT, Mongoose, Pacific Cycles and Caloi) in 2020. For the year, Dorel Sports' revenue increased by $135.7 million, or 14.9%, to $1,045 million and a gross profit of $230 million.
BRUSSELS, Belgium - Cycling Industries Europe (CIE) is launching a new expert group. The Cycling Innovation Network (CIN) is a membership-led initiative, open to companies of all sizes. The digital launch of the group will take place on 24th March.
LONDON, UK - HumanForest, a newly established e-bike provider has raised £1.3 million (€1.46 million) via a crowdfunding campaign. Headed by a former senior executive of Spanish ride sharing company, Cabify, HumanForest aims to offer a sustainable e-bike service in cities starting with London this Spring.
ENNEPTAL, Germany - Bicycle parts manufacturer, Thun, has developed innovative bottom bracket sets for e-bikes in the entry level segment for model year 2022. Particular to the bottom bracket sets is the Sensor Compatible (SC) system.
OSAKA, Japan - The financial statement of the Shimano Group over the first nine months of 2020 clearly shows the impact of the international cycling boom. While the company still reported a double-digit sales slide in the first half of 2020, the turnover strongly recovered over the first nine months of 2020.
AMSTERDAM, the Netherlands - Yamaha Motor is responding to the rapidly expanding market of urban mobility by introducing the PWseries CE drive unit and the External Crossover 500 battery to the Model Year 2021 line-up. Yamaha says it has, "created its lightest, quietest and most compact drive unit - and a battery that provides increased versatility and practicality."
MÜNSTER, Germany - Bicycle security expert Trelock has bundled even more know-how into its new folding lock FS 480 COPS and aims to "score with a great deal of security combined with maximum flexibility and comfort".
MONTREAL, Canada - Dorel Industries Inc., owner of bicycle brands including Schwinn, Mongoose and Cannondale has reported its Q1 results for 2020. The financial statement shows that coronavirus has interrupted an otherwise solid start to the year. Dorel Sports, which includes the bicycle segment, has recorded a fourth consecutive quarter of revenue growth with April bicycle sales surging.
OSAKA, Japan - In its financial statement of the first quarter of 2020 the Shimano Group reports a good start of the year in Europe and North America supported by good weather. From mid-March, turnover declined sharply and as a result, net sales from in the bicycle category decreased 15.4% from the same period of the previous year to JPY 58,868 million (507m euro).
CAMBIAGO/MILAN, Italy - Another big Italian bicycle name has been sold to a fund. After Pinarello's acquisition, in 2017, by L Catteron (LVMH luxury group), it's now the time of one of the biggest and most historical names in Italy's cycling history: Colnago.
