MALLABIA, Spain - The long-term growth strategy is paying off very well for Orbea. In the past seven years, the cooperative bicycle manufacturer has confirmed notable sales growth which peaked in 2022.

TAICHING, Taiwan - Taiwan's leading bicycle producer Giant Group saw its fiscal 2022 sales jump by a double-digit 12.5% year-on-year to TW$ 92.04 billion (€2.82 billion). However, the impact of rising material and labour costs as well as increased OE-business affected the Group's overall gross margin and operating profit performance.

VELKE ORVIŠTĚ, Slovakia - Bicycle manufacturer Kellys will make an important step forward with the introduction of two remarkable products next month. Both Kellys Theos F100 and the Theos R will feature notable developments.

SUZHOU, China - E-bike drive train supplier Vinka implemented both Artificial Intelligence and Internet of Things to empower their new AIot Max System. According to Vinka, "it integrates a full spectrum of AI & IoT technologies and is able to learn, analyse and respond to collected data, taking the riding experience to the next level with more safety and enjoyment.

REDDITCH, UK - After significant increases in e-bike and bicycle sales volumes last year, Halfords UK gave a clear indication that rising inflation and the cost of living will impact this year's demand. Still Halfords UK remains confident on the longer-term outlook for bikes as government infrastructure and climate needs necessitate greener modes of transport.

COLOGNE, Germany - As an expert in plastic for all kinds of moving parts, igus has made the engineering concept and key components available to all bicycle manufacturers. The first model should be available by the end of the year.

SCHRAMBERG, Germany - In line with the company's strategic goal of expanding its business activities and increasing market share, hGears reports for its e-mobility business area a 2021 sales growth of 3.5% to €47.5 million. For the full year 2022, hGears expects high single-digit group revenue growth.

LONDON, England - Utility e-bike supplier Zoomo, is hoping to solidify its position as a turn-key provider of heavy-duty electric last mile delivery solutions with the launch of a speed e-bike. The Zoomo One, with an assisted top speed of 45km/h

ELCHE, Spain - Spanish premium bike supplier Mondraker has moved to its new headquarters in Elche, 30 kilometers southwest of Alicante. The new building packs everything under one roof, offices as well as production. According to the company this creates synergies and increases efficiency.

ZEIST, The Netherlands - The November edition of Bike Europe magazine (number 6/2021) is now available to read online in our digital magazine section. This issue includes a look inside Cannondale's new European facility and an overview of bike markets across Scandinavia.

STOCKHOLM, Sweden - Cities adapting their infrastructure rapidly to provide more space for bikes, e-scooters and walkers, following the onset of the pandemic. "With a new reality, the potential for small personal electric vehicles has suddenly been made real," explains Per Brilioth,

WARSAW, Poland - A growing number of private equity funds see the market potential of the cycling industry on all levels. For 7Anna the take-over by Resource Partners will provide the necessary funding to implement its international expansion strategy for its brands which are part of the group: Creme Cycles, NS Bikes, Octane One and Rondo.

OBERHACHING, Germany - SQLab GmbH, a specialist known for its ergonomic bicycle products has been acquired by Boards & More GmbH, owner of the bike wear and accessory brand Ion, for an unspecified amount. Both companies plan to now jointly develop and distribute further innovative products for the bicycle market.

Full Speed Ahead's latest e-MTB carbon wheels have been designed to withstand the rigors of aggressive e-bike riders. With a growing e-MTB sales market FSA has identified that the need for e-specific parts to handle the extra weight has never been greater.

PONTEDERA, Italy - Italian two-wheeler and commercial vehicle supplier, the Piaggio Group has reported consolidated net sales of around €1.31 billion in fiscal 2020, down 13.6% year-on-year. The "disappointing" sales are attributed to corona-related closures and not profiting from the following peak.

KLOSTERNEUBURG, Austria - Founded only in 2013, Austrian kid and juvenile bike supplier Woom has made a name for itself not only in the German-speaking world. With the entry of a group of investors Woom founders and CEOs Marcus Ihlenfeld and Christian Bezdeka now have fresh money on board. This investment will help to grow further in- and outside Europe.

EINDHOVEN, the Netherlands - Shimano's second-generation e-MTB system comes with a full line of features. The component manufacturer targets the EP8 for a wide range including premium mountain biking and competition racing to trail riding, cross-country, casual MTB, trekking and off-road adventuring. However, when the new drive system will be available to the market is still unknown.

IDSTEIN, Germany - Storck Bicycle GmbH celebrating its 25th anniversary this year took a new 50% shareholder on board. Company founder and managing director Markus Storck sold 25% of his shares to investor Stefan Lohwasser. He also acquired Decathlon's 25% share in Storck Bicycle.

CORK, Ireland - Mapil Topco, owner of internet only giant WiggleCRC, has posted a pre-tax loss of GBP 132.5 million (€ 157m) for the trading period of the 52 weeks to December 30th 2018. The suffered loss is despite the fact that sales at the group rose 15 percent to GBP 453 million (€ 537m) with underlying profits of GBP 14.2 million (€ 16.8m).

SCHWEINFURT, Germany - Last September the board of directors of KTM Industries AG already proposed to change its name to Pierer Mobility AG to end the confusion on the company and brand name with KTM Fahrrad GmbH.