KOBLENZ, Germany - The large-scale media campaigns offering major discounts on various bike categories this summer by Canyon was regarded rather unwelcome by many in the market. The company's latest financial results show a massive impact on the result; a push to revenue but killing the profit.
PEETRI, Estonia - Within two years listed cargo bike manufacturer Hagen Bikes company is heading to the stock market again for new capital. Hagen's shares are tradable in the multilateral trading system First North, and the company Hagen submitted a request to Nasdaq Tallinn AS to also admit all new shares issued during the offering to trading in the multilateral trading system.
TALLINN, Estonia - The demand for anti-theft solutions and services in micromobility is increasing. More than 60% of e-bike riders will opt for an e-bike with smart features for their next purchase. This was one of the outcomes of a survey by the Spiegel Institute and commissioned by Comodule.
FREIRACHDORF, Germany - Müsing manufacturer Radsportvertrieb Ditmar Bayer GmbH is another bicycle company which has fallen into financial difficulties. On Wednesday August 23rd, the responsible district court Montabaur officially announced that the German company has filed for insolvency in self-administration.
SEOUL, South Korea - HL Mando has introduced a high-performance battery, motor and rear wheel sensor system, to complete its alternator driven e-bike system. According to HL Mando the system is mainly engineered for eCargo applications.
At Eurobike 2023, Magura will be unveiling their combined braking system for cargo bikes. This new braking system especially helps inexperienced riders to use both brakes together, significantly shortening the braking distance.
MUNICH, Germany - The events of 2022 had a huge impact on financial markets; it was a disastrous stock market year. The pandemic was barely halfway over when Vladimir Putin launched his crucial attack on Ukraine. The war disrupted the global energy and food markets but also led to high inflation in Europe. How are the listed e-bike and bicycle industries affected?
With its new series hybrid drive system, the Pedalrite, South Korean producer HL Mando aims to contribute to the transformation of urban mobility. An example of how this can be achieved is the collaboration with the German start-up Hopper Mobility.
FRANKFURT, Germany - Private equity company Brockhaus Technologies acquired a majority stake of around 60% in Bikeleasing in July 2021. The German company which supplies business bikes for employers, employees and those self-employed has now helped its new owner set sales records in the first three quarters of 2022.
KOBLENZ, Germany - LRMR Ventures of global icon LeBron James and Maverick Carter, together with SC Holders announced a strategic equity investment in Canyon Bicycles GmbH. Canyon reports they will work with LRMR and SC to increase engagement in the US and in the e-bike category, elevate global brand awareness and deliver the best online shopping experience.kst...
TOKYO, Japan - After 40 years since its first introduction, the Shimano 105 group set is receiving the ultimate upgrade with a move to Di2 electronic shifting technology. This introduction not only delivers Di2 to an entirely new range of riders, but also offers Shimano's flagship 12-speed, wireless shifting with easy operation and increased reliability.
WELS, Austria - Pierer Industrie AG, the industrial holding group who already owns Felt Bicycles, GasGas and Husqvarna e-bikes but also KTM Motorbikes, is increasing its activities in the bicycle and e-bike business step by step. Recently Pierer Industrie took over a group of IBD shops
MONTREAL, Canada - For Dorel Sports the consumer demand for all bicycles brands in all categories remained high during the third quarter of this year. As a result the company reports a year-to-date revenue of its sports business of US$891.3 million (€169.9 million),
AMSTERDAM, the Netherlands - Dorel Industries and Pon Holdings agreed on the acquisition as announced today. The sale is expected to close before the end of the first quarter of 2022. Pon Holdings reports a combined revenue of €2.5 billion, making it the biggest bicycle and e-bike
POVOLARO DI DEUVILLE, Italy - The Askoll Drive C90A is the latest bottom bracket motor developed for high-end e-mountain bikes. The Italian company has a long history of developing synchronous technology applied to electric motors.
KARLSTEIN, Germany - Another supplier close to the e-bike industry seems to be preparing to go public. German financial newspapers reported that the Karlstein, Germany-based battery expert BMZ Germany GmbH is planning an IPO on the Frankfurt Stock Exchange.
STUTTGART, Germany - The booming bicycle and e-bike market attracts more and more investors. Asset manager and index allocator Daubenthaler has introduced a 'bicycle share index'. The initial listing on the Frankfurt Stock Exchange is planned for 21 June but is already open for investors since 25 May.
CLOPPENBURG, Germany - The name of the German bicycle manufacturer Derby Cycle is history. Owner Pon Bike Group (PBG) has changed the company name into Kalkhoff, similar to one of brand names used by Derby Cycle. In addition, the historic Kalkhoff production site in Cloppenburg will be completely revamped.
SAN VENDEMIANO, Italy - PM & Partners SGR have announced their entrance, as major shareholders, in Cytech Group, the world leader in the production of pads for cycling apparel and recently, of cycling gloves with EIT Palm Technology.
SHENZEN, China - Dahon has unveiled a special edition 2021 model to "help the general public in fighting the pandemic." In what the company calls an effort "to realise its social responsibility", Dahon has slashed profit margins to be able to offer the cost-effective HIT model to a new public.
