BERLIN, Germany - Online vendor Signa Sports United is taking instant action to face continuing macroeconomic headwinds, oversupply in the market and severe liquidity and profitability challenges. The company announced a series of restructuring measures including the termination or winding down of non-performing assets, the rightsizing of under-performing business units as well as the evaluation of disposals of non-core assets.
FRANKFURT, Germany - German automotive supplier Hirschvogel Holding GmbH (as known as Hirschvogel Automotive Group) already marked its entry into the micromobility field at both IAA Mobility 2021 and Eurobike 2022. At this year's Eurobike the first e-bike drive system as part of a component platform for cargo bikes and urban mobility, created under its own brand name Aximo, caused a stir.
GENUA, Italy - The total revenue of the Italian bicycle and component manufacturers increased by 10% reaching the threshold of € 2 billion in 2022. The increase in turnover went hand in hand with the increase in profitability reports the Italian Banca Ifas in their third annual edition of 'Bicycle Ecosystem'.
Under the motto "Simply Smarter," Prodigee is setting new standards in design and product development with two child seats, the result of a collaboration among a renowned, international team of researchers and designers.
ENNS, Austria - Market research by Eightpins shows the potential of telescopic or dropper seat posts for other bicycle categories besides MTBs. A quick lowering of the saddle enables the rider to stand securely with both feet on the ground. This increases safety and comfort because people can remain seated on the saddle while waiting for the green light. An equally interesting application of telescopic seat posts is for cargo bikes.
Portuguese manufacturer Rodi Industries is in the process of launching a new product line of high-quality aluminium rims. This product innovation comes with the implementation of new technologies in the production process and an increase in capacity.
TAIPEI, Taiwan - Mobility lighting systems specialist Roxim has developed the R7EA rear smart light with multiple functions. This e-bike light provides auto brake and SOS functions for a safer riding experience. The product complies with the German StVZO regulation.
REUTLINGEN, Germany - The Performance Line CX Race Limited Edition is an exclusive evolution of Bosch's Performance Line CX. The new Race mode offers energetic, direct support up to 400% of the rider's power. Riders reach maximum support faster and can use it to the cut-off at 25 km/h.
SYDNEY, Australia - Online bicycle shop and marketplace BikeExchange Limited has announced some top management changes including a new CEO. In its latest financial results, the company, which has been restructuring over the last 12 months, also managed to boost its total revenue by 47.4% to $AU6.58 million (€4.5 million) compared to the previous 2020/21 fiscal year.
The Belgium-based helmet company Lazer has created the world's first fully integrated rotational-impact technology: KinetiCore.
OSAKA, Japan - Increased production capacities in factories in Japan in combination with a booming cycling market, made 2021 a best-ever year for Shimano in both turn-over and profit. Shimano also notes that the economic outlook for 2022 and the electronic components shortages might impact the industry.
ARNHEM, the Netherlands - The announcement last week that Specialized starts to offer online bicycle and e-bike sales and distribute directly to the consumer was to be expected. The question was: when will the American brand decide to launch this new service and why then? Koos de Boer, of Specialized Europe explains.
POZZOLEONE, Italy - Saddle manufacturer, Selle Royal Group S.p.A., has officially announced its intention to proceed with the listing of its ordinary shares on the Italian stock exchange. If the conditions are met, the company will list on the Euronext STAR Milan, which promotes SME's to domestic and foreign investors.
DRESDEN, Germany - Bike24 Holding AG - the German e-commerce bike, running and swimming sports retailer that has been trading on the stock exchange since June, brought in first half year 2021 sales of €127.4 million. Compared to the first six months of the previous year, this is an increase of 44%.
BIEL/THUN, Switzerland - After decades of dealer loyalty, Swiss brand, Canyon, changed its name to Cylan in 2019 and switched its distribution to 'click & collect' in the first phase and then to direct sales. Stähli AG took a different route and launched its new e-bike brand
BERLIN, Germany - E-commerce giant Signa Sports United, has confirmed its intentions to go public on the New York Stock Exchange (NYSE). The German retailer has entered into a business combination agreement with Yucaipa Acquisition Corporation, a publicly-traded special purpose acquisition company. The combination also includes the long-awaited acquisition of the WiggleCRC Group.
REDHILL, England - UK start-up Leopard Technology, has created a smart security and connectivity solution for the cycling industry. Developed over the last 12 months with a European bicycle manufacturer, Leopard Lync, utilises the latest in IoT technology to "provide bicycle and accessory manufacturers with the tools to make any bike a smart bike".
MÜHLHAUSEN, Germany - Following a successful investor search, the German niche bicycle supplier Möve Bikes GmbH, is being taken over by Heristo Holding, a family-run group of companies from the German food industry.
HAIBACH, Germany - Akku Vision has launched two new models to its collection under the e-bike battery brand E-Bike Vision. For the popular Panasonic 36V Next Generation drive system, the 17Ah (605Wh) and 19Ah (691Wh) versions were both developed and assembled in Germany.
MUNICH, Germany - Financial news services report that Austrian investor René Benko is again investigating a possible IPO of his online sports platform Signa Sports United. As part of the Signa Retail Group, Signa Sports United is an e-commerce giant in cycling and other sports commodities with multiple webshops in Europe.
