MUNICH, Germany - E-bike drivetrain provider Fazua GmbH has officially announced the acquisition of drivetrain technology sensor manufacturer Innotorq GmbH. No details have been given about the sale price.
MUNICH, Germany - Dominating headlines in the first half of 2021 were reports on acquisitions, company mergers, the entry of investors from outside the industry, as well as IPOs. For Ralf Kindermann, long-term bicycle industry expert in both trade and manufacturing,
OSAKA, Japan - In its financial statement on the first half of 2021, the Shimano Group again reports a brisk sales increase of its bicycle component segment of 73.4%. From the same period in the previous year, bicycle components turnover jumped to JPY212,599 million (€1,630 million), and operating income was up 152.
OLDENBURG, Germany - Steel frame specialist bike brand, vsf fahrradmanufaktur, has, until now, been associated with touring and utility bikes. However, their recent launch of a high quality, limited edition gravel bike looks to expand their reputation into a new product category.
LONDON, UK - June 7th will see e-scooter hire trials rolled out across six out of the 32 London boroughs. Rental scooter providers Dott, Lime, and Tier will be offering their scooters for hire to the public for up to 12 months as part of pilot programs in Ealing, Hammersmith and Fulham, Kensington and Chelsea, Richmond upon Thames, the City of London and Canary Wharf.
OBERWANGEN, Switzerland - Naxicap Partners has taken-over the well-known speed e-bike manufacturer Stromer as the company reported today. Details of the agreement were not disclosed. The transaction is subject to customary approvals.
MONTREAL, Canada - Dorel' sports division which market brands including Cannondale, GT, Schwinn and Mongoose, reports an ongoing increase in sales. For the first quarter of the year, turnover increased by 43.6% year-on-year to US$270.3 million.
EPINAL, France - The speed e-bike is an all-new category for performance brand Moustache Bikes from France. For model year 2021 the company already expanded its range with entry level models and focused on more urban bikes.
TAIPEI, Taiwan - The industry is currently experiencing its first-ever online trade show. This year's Taipei Cycle show was to be held virtually in response to the ongoing challenges of the COVID-19 pandemic. While speaking, the event is attracting industry insiders to presentations and online booths.
PARIS, France - Increasing e-bikes sales are still attracting more and more automotive suppliers to the industry. The latest newcomer is French Valeo, who saw a hike in e-bike sales on their home market. The company has adapted its 48V motors for the electrification of bicycles.
REICHSHOF, Germany - Schwalbe's new tube made of a thermoplastic polyurethane called Aerothan has achieved top values for elasticity, weight and puncture protection, all without the use of rubber. Available for road, mountain and trekking bikes, Schwalbe claims the Aerothan tubes are much more robust
ANNECY, France - The troubles of French bicycle part manufacturer, Mavic, have been continuing since entering receivership. The company, which has been run under the administration of the company, By Saving, since March, has now been placed under court observation for six months.
HOLZKIRCHEN, Germany - After having launched its integrated marketplace successfully in several European countries such as the United Kingdom, the Netherlands and Belgium, US bike supplier Specialized is launching its integrated marketplace in Germany, Austria, Switzerland (DACH region) and Luxembourg.
REDDITCH, UK - In the 14 weeks to 3rd January 2020 Halfords reports a staggering jump of 96 percent year on year sales of electric bikes and e-scooters. This category now accounts for around 13.5 percent of total bikes sales at Halfords.
HOYA, Germany - To address it Danish customers better, Hermann Hartje KG from Germany and Ebsen Bikes A/S from Vojens, Denmark have joined forces.
WICKEDE, Germany - After Humpert celebrated its 100th anniversary and 10 years of the brand ergotec last year, the component manufacturer focused again on the development of a wide range of new products for next season.
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.
