HEERENVEEN, the Netherlands - After acquiring full ownership of e-Cargo bike maker Velosophy B.V. - known for the Babboe brand - last year; Accell Group continues to expand investments in this sector.
VILLENEUVE-D'ASCQ, France - Decathlon obtained a majority shareholding in the omni-channel distributor Alltricks. The sporting goods giant acquired all shares held by Partech Partners as well as Entrepreneur Venture, 123IM, Sonorfi, Financière de la Gommerie and other small shareholders.
TAINAN, Taiwan - KMC claims that it offers cutting edge technology as well as unparalleled tensile strength of over 1,000kgf to cope with the tremendous forces that e-MTB mid-motors generate.
MONTRÉAL, Canada - Dorel Industries Inc. announced that its Dorel Sports (bike) division saw first quarter revenue drop by 10.7 percent to USD184.5 million (164.3m euro). Its Dorel Sports' Cycling Sports Group (CSG) businesses had a very good quarter in all of its markets.
GIVISIEZ, Switzerland - Multisport brand Scott Sports, founded in the USA in 1958 and currently in Swiss-Korean hands, has taken over promising startup Bold Cycles Ltd; a local Swiss brand offering sophisticated technological frame solutions as well as custom-made possibilities.
MANRESA, Spain - E-commerce company Deporvillage closed the financial year 2018 with a profitable result. The company reports a 28 percent increase in turnover from 35 million in 2017 to 45 million last year.
OSAKA, Japan - The last Tuesday published Shimano Inc. 2018 financial report holds positive statements on the performance of the European bike market. However, Shimano is less positive on the outlook for 2019 as Brexit looms as well as rising fiscal instability in Italy.
HELSINKI, Finland - It started with Amer Sports' announcement that it wants to sell its activities in the cycling market with Mavic and Enve on 5 September. Now it looks like the entire Finnish holding will be sold to the Chinese companies ANTA Sports Products and FountainVest Partners.
OSAKA, Japan - Shimano reports that its net sales have grown by 7.1% in the first half of this year. In its financial statement the company mentions its STEPS E8000 drive unit for e-MTB's in particular which "continued to be well received in the market. As a result, net sales from bicycle components increased 6.8%."
AMSTERDAM, the Netherlands - Fallbrook Technologies emerged from restructuring under Chapter 11 on June 25, 2018. The filing for restructuring was done on 26 February this year and allowed Fallbrook to create a reorganization plan.
BUDAPEST, Hungary - The Giant Group announced today it will expand its footprint in Europe by establishing a second production facility which will be located in Hungary.
SAINT-GEORGES, Canada - Procycle Group has officially changed its company name to one of its brands, Rocky Mountain. One of Canada's leading bicycle suppliers based in the province of Québec is streamlining its business from three brands to one.
MONTRÉAL, Canada - Dorel Industries has sold the Sugoi and Sombrio brands to Louis Garneau Sports. The company is divesting its performance apparel line of business to focus on its core strategic businesses of bikes, parts and accessories and electric ride-ons.
STUTTGART, Germany - On 1 June Christian Bubenheim joined Internetstores Holding as new CEO. Internetstores reports that "internationally renowned German
MONTREAL, Canada - The liquidation of Toys"R"Us in the U.S. hampered listed Dorel Industries Inc in the 1st quarter of 2018. It turned Dorel Sports into a
DELFT, the Netherlands - Chris Koppert - former owner of BBB Cycling - has joined Tracefy BV; the Dutch company offering GPS solutions in bicycles.
In its efforts to establish equal conditions for webshops and brick & mortar dealers Accell Group has taken a major step forward. Last week its Benelux
For the sporting goods retail giant Decathlon, 2017 was a year of transition and a managerial revolution. Still the group announced an increase of its
Webshop Coolblue announces the start of its own delivery service by bike. As of today this service is operational in various Dutch cities which will gradually
TAIPEI, Taiwan - To improve flexibility in the assembly of bottom brackets, the Taiwanese company First Bicycle Components developed an eccentric version.
