TAMPERE, Finland - The manufacturer of intelligent e-bike drive systems expands its market presence within Europe with the opening of a German subsidiary. Uwe Daniel, Vice President of Sales at Revonte, will be the CEO of Revonte Germany GmbH.

REDDITCH, UK - Halfords has released an update on its trading performance for the last 20-week period showing very positive cycling-related sales despite the end of the summer holiday season. An uptake in cycling as a "safer means of transport" in the United Kingdom is fuelling demand.

PARIS, France - Velco, the French company who focuses on OEM components for bike and e-bike connectivity, has raised €5 million in funds. These funds will be dedicated to "staying ahead of the competition" and developing the sales outside of France,

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ZURICH, Switzerland - Indian mobility group TVS Motor has invested €15.3 million to obtain 80% of the shares of the Swiss e-mobility company EGO Movement. Founded in 2015, the company operates 11 stores in Switzerland, Germany and Liechtenstein and claims a

CARREGOSA, Portugal - Polisport Group has taken over the Spanish premium cycling helmet brand Catlike. The Portuguese helmet manufacturer will now act exclusively for the development, industrialisation, production, sales, and promotion of Catlike brand and products.

BUCHAREST, Romania - Andrei Botescu, the founder of bicycle producer Atelierele Pegas, and four other shareholders have sold all their remaining shares in the vintage bicycle brand. Network One Distribution (NOD), which is fully controlled by Iulian Stanciu, CEO of the large Romanian online retailer, has become the sole shareholder of the company.

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."

ZWOLLE, the Netherlands - AGU, the Dutch company known for its cycling accessories, is selling the carbon wheel business unit, Fast Forward Wheels. The new owner is Henk Schipper, who founded the company in 2006.

TORRE DE' ROVERI, Italy - Bicycle production machinery and service suppliers Mair Srl and Bike Machinery Srl have stepped up their cooperation. According to both companies, Mair acquired Bike Machinery for an undisclosed amount and will gradually integrate it in its existing organisation. This process should be finalised by the end of this year.

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.

TERNDRUP, Denmark - Cykelgear, the Danish e-commerce business for bike components, has agreed on selling a majority stake in the company to investment firm, Foreman Capital. The partnership will allow the company to fulfil its growth ambitions and further grow the e-commerce platform across the Nordics. The purchase price has not been disclosed.

CHICAGO, USA - SRAM is the new owner of the entire range of road and mountain bike pedals, cleats, and all related patents of Time Sport. The iconic brand Time Sports has finally been split-up between two companies now previous owner Rossignol Group and SRAM concluded the agreement on 18 February.

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.

Accell Group increased its minority stake in Velosophy B.V. from 35 to 100 percent. Velosophy, owner of among them Babboe, is a fast-growing innovative player in e-cargo bike solutions for consumers and the business market.

Kross, the number 1 bike brand in Poland, is implementing a new strategy in order to achieve an ambitious expansion in the European markets.

Dutch bicycle exporters account for approximately one-quarter of all EU bike exports. The bulk of Dutch bicycles for export are manufactured domestically.

Van Nicholas is Accell Group's first brand to start omni-channel 'clicks and bricks' strategy next January 2017. According to Van Nicholas this strategy is,

CREUSSEN, Germany - Benobikes GmbH & Co. KG acquired the insolvent carbon lightweight construction manufacturer AX-Lightness GmbH. The company will continue its business as AX-Lightness Composites GmbH & Co. KG.

HALIFAX, UK - On 18 October Orange Mountain Bikes Ltd founders Lester Noble and Steve Wade officially announced that on 1 October their company changed ownership to a new managing director.