OSAKA, Japan - Shimano Inc expects to generate extraordinary income this year with the return of land belonging to one of its Chinese (Kunshan and Tianjin) plants.

MANDEURE, France - Last Friday the French PSA Group (Peugeot - Citroen's automotive business) announced that Mahindra Two Wheelers Europe will acquire the remaining 49 percent of Peugeot Motocycle (PMTC). Five years ago, this company took over a majority shareholding in the French scooter maker for 15 million euro.

TAICHUNG, Taiwan - To expand their European activities, screen print product supplier TransArt took over Doublepress in the Netherlands. "Since we were listed in 2017, we have been looking for production in Europe."

Building a successful 'direct-to-consumer' (DTC) strategy is just like building your brand or company, it requires investment in capital, time, and staff to train yourself and your team on the new skills as they continue to emerge.

OSAKA, Japan - In its report on the financial results made in the first half year of 2019 Shimano names specifically its STEPS e-bike drive system as one of the growth drivers, next to disc brake components for high-end road bikes.

ANNECY, France - Amer Sports has completed its divestment of Mavic SAS. The Finnish sporting goods manufacturer has finalized the sale of its French bike subsidiary to private equity firm Regent LP.

TAINAN, Taiwan - Rising e-bike and high-end bicycle sales in the first quarter of this year as reported by Taiwan's largest bicycle makers Giant and Merida works out positively for the country's parts and component suppliers.

DELFT, the Netherlands - It's a kind of power steering for e-bikes but much smarter than the ones for cars. At least this is what the Technical University in Delft, the Netherlands and Gazelle claim. T

ITTIGEN, Switzerland - The World Federation of Sporting Goods Industry (WFSGI) is to have a new CEO. After a successful 16-year tenure, Robbert De Kock, has decided it is time for him to leave the organisation and hand over the baton to a new leader. The WFSGI Board has appointed Emma (Mason) Zwiebler as Interim CEO from 1 November 2023.

PLOCHINGEN, Germany - Sporting goods manufacturer and retailer Decathlon has appointed the CEO of Decathlon-Germany André Weinert to CEO-CESEE (Central, Eastern and Southeastern Europe). Effective immediately, he assumes responsibility for 17 countries in which Decathlon is represented. The sporting goods chain store giant will announce his successor in Germany within the coming weeks.

BERLIN, Germany - Following a brief stint as CEO of Internetstores GmbH, Max Heimann has left the parent company of Fahrrad.de, Bikester, etc. at his own request. The listed parent company of the online sports retailer, Signa Sports United (SSU), is now introducing his successor, Torsten Waack van Wasen.

KARLSTEIN AM MAIN, Germany - The Battery Experts Forum has released its three-day conference program of high-profile presentations from key players in the battery industry. With progress in the field of electrification speeding up, speakers including Shmuel De-Leon and Sven Bauer will address the current challenges facing the battery industry and with that the e-bike business.

BERN, Switzerland - Swiss Post has divested its PubliBike bike rental subsidiary. The company wants to concentrate on its core business, thus not make the necessary investments. It had been looking for a buyer for some time and found three investors. One of them is industry veteran and ex-BMC CEO Thomas Binggeli.

WALNOT (CA), USA - In the run up to the United Nation global climate conference COP26 in Glasgow which starts next Sunday, The Silicon Review named Yadea CEO JiaZhong Wang among the 30 most inspiring leaders this year. The company is said to power the 'Era of Green' with its revolutionary products, including e-bikes.

BREMBATE, Italy — Vittoria Group welcomes Vanessa ten Hoff as Chief Innovation Officer to its leadership team. Vittoria's development of the first of its kind Bicycle Tyre Innovation Center with the Cycling Experience Park will be the responsibility of the new CIO.

MATTIGHOFEN, Austria - Pierer Mobility, known for their Husqvarna, R Raymon and Gasgas e-bikes and battery manufacturer Varta have joined a strategic cooperation. The two companies aim to collaborate more closely in the e-mobility sector with a strong focus on the development of highly efficient battery systems for electric two-wheelers.

BRUSSELS, Belgium - Sacha Boedijn, who represented the bicycle division of the Dutch industry association, RAI Association, at the Confederation of the European Bicycle Industry (CONEBI) and also acted as Treasurer of this industry organisation, has taken up a new position.

HAMBURG, Germany - Kim, Julian and Jacob von Hacht are entering Hamburg-based bicycle supplier, Stevens Vertriebs GmbH's management team in March. The three children of company founders Werner and Wolfgang von Hacht, represent the second generation of the German owner-managed family business.

BRUSSELS, Belgium - As a part of the Circular Economy Action Plan the European Commission proposes to modernise EU legislation on batteries. Batteries placed on the EU market should become sustainable, high-performing and safe all along their entire life cycle.

BERLIN, Germany - The Germany independent dealer association VSF enters a new era with the announcement that after more than 20 years its Executive Board Member and Chairman Albert Herresthal will leave at the end of February 2021.