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.
BERLIN, Germany - The concept of four-wheeled cabin-pedelec, like the Canyon's future mobility car presented last September, gets more and more initiators in the e-bike industry. Recently e-mobility start-up Urban Drivestyle Berlin has presented its first prototype, the Duo Moke.
FULDA, Germany - Parts manufacturer, Büchel is encouraging the industry to capitalise on the boom in the European bicycle market by starting within its own ranks. The company has announced an ambitious investment program of around €20 million for the next 5 years to expand production capacity.
KONSTANZ, Germany - D2C-supplier Canyon Bicycles found a new majority shareholder in Groupe Bruxelles Lambert (GBL). Roman Arnold will remain the Chairman of the Advisory Board and reinvest a significant part of his proceeds alongside GBL,
MONTREAL, Canada - The impact of COVID-19 worked out very well in the third quarter results for Dorel Industries. Dorel' sports division with market brands including Cannondale, GT, Schwinn and Mongoose achieved the highest earnings in its history.
Bicycle drivetrain requirements vary greatly - the performance needed for a casual commuter is vastly different than that of a long distance bikepacker. To address an even wider range of bike types and riding styles, Gates now offers five distinct Carbon Drive product families for bikes and e-bikes: SideTrack, CDN, CDC, CDX, and CDX:EXP.
TAIPEI, Taiwan - Designers, manufacturers and retailers in bicycle-related industries are now invited to submit their latest research and development results for the Taipei Cycle d&i awards 2021. Registrations are welcome until 14 December 2020 and the winners will be announced at next year's Taipei Cycle show which runs from 3-6 March 2021. open for entries
BOCHOLT, Germany - Despite corona-conditioned restrictions in March, traditional German D2C-supplier Rose Bikes GmbH achieved - compared with the first six months of the previous fiscal year 2018/2019 - a double-digit sales growth of over 20 percent in its first half of its from 1 November to 30 April running fiscal year 2019/20. This, according to the company, led to total sales of 56.7 million euro.
NEW DELHI, India - To expand their footprint on the high-end European e-bike market, India's largest bicycle producer Hero Cycles Ltd acquired a strategic stake in HNF Group.
OSAKA, Japan - Last week Bike Europe reported "Shimano Downgrades Importance of China as Production Base." This report was based on a statement made by the listed company in a recent trading update.
PHILADELPHIA, USA - The ownership of Fuji, Breezer and Tuesday distributor BikeCo LLC has changed again within one year. Tiger Capital Group has sold its stake in BikeCo to joint venture partner Advanced Holdings Co. Ltd.
ULFT, the Netherlands - Basil launches innovative and stylish bicycle rainwear line. One of the major reasons why many people avoid cycling into work is the fear of getting caught in the rain.
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AMERSFOORT, the Netherlands - "In response to the growing importance of direct online sellers we see that brands which were exclusively distributed by dealers in the past, start to approach the consumer directly as well. As Europe's second largest dealer cooperative we should improve our performance for those brands by offering them more stability," says Dynamo Retail Group GM Maarten de Vos.
BEGUNJE, Slovenia - It currently produces ski's and sailing yachts but has been successful in bikes; Slovenian Elan d.o.o. As this company has been taken over by the owner of Bulgarian bike maker Leader 96 it raises the obvious question whether Elan bicycles will be brought back to life.
HEERENVEEN, The Netherlands - Accell Group NV saw its net turnover grow by 2.4% in 2018, while its operating result doubled to 20.5 million euro. Just like in the previous year, Accell reports strong sales in Germany, Austria, Switzerland and France but a weak performance in North America and the Netherlands.
HEILBRONN/ESSEN, Germany - Intersport Deutschland eG, the German subsidiary of Intersport International Corporation GmbH (IIC) and Signa Sports Group,
