BOLOGNA, Italy - Termal Group and its subsidiary Five has expanded its position on the Italian e-bike market with the acquisition of the Italwin brand. The take-over was announced just after the publication of the 2015 sales statistics by industry association ANCMA which indicated that the Italian e-bike market grew by nearly 10% last year.
TAICHUNG, Taiwan - TranzX developed a series of new connected e‐bike systems that provide riders with more comfort and flexibility as well as three new motors that feature its product communication system LogiX which connects users to their GPS and Smartphone devices.
ALKMAAR, the Netherlands - Wholesaler, exclusive agent for many brands and incubator for the Dutch retail market AGU has had to apply for Chapter 11 status and suspend payments.
HASSELT, Belgium - A leading Belgian lease concept provider Cyclis has been acquired by JobRad Group as of 2 September. The much bigger JobRad Group obtained 60% of the shares while founders and other stakeholders now own 40%. "We share the same vision, ambition and approach. In JobRad Group, we have found the ideal partner to further strengthen our position on the Belgian and Dutch market," says Joep Kempen, CEO of 10 years old Cyclis.
ZEIST, The Netherlands - Undeniably European e-bike sales took a step back last year. In 7 European countries which have already reported their market statistics for 2023, the total volume decreased by 8%, from 4,555,264 units in 2022 to 4,178713 last year.
HEERENVEEN, the Netherlands - The merger of two factories into one as Accell Group announced last Tuesday, has to result in a more efficient and sustainable production. However, an Accell Group spokesperson confirmed to Bike Europe that an investment plan for this modernisation has not been made yet. "We are currently analysing all options."
As the cycling industry gathers in Taipei for the much-anticipated Taipei Cycle 2024, the Norwegian company is bringing updated models of the rubber-free tyres launched at Eurobike 23.
The theft statistics are clear. Over the past two years, reports of stolen bikes have increased by 65%. As a result of the increasing theft statistics and high claims, insurers have tightened their conditions for 2024 considerably. This includes the requirement of a second lock for e-bikes, implementation of deductibles, and the requirement to install a certified GPS tracker on more expensive e-bikes.
AMSTERDAM, the Netherlands - An interim report by the VanMoof administrators paints a clear picture of the financial drama which took place this summer. After the mega loss in 2021 not much is left for the creditors.
WORMER, The Netherlands - In a 2-day event, the Color Trend Days will highlight the latest development in the reshoring trend in the bicycle industry. The first BIG3 event of 2023 which explores techniques in frame-finishing will be held 28-29 March in the Netherlands.
HEERENVEEN, the Netherlands - Accell Group has relocated the sourcing of cargo bike frames from Asia to the Netherlands. Both based in Heerenveen, Accell Group and next door Metalis have signed a long-term contract for the production of cargo bike frames.
LEMELERVELD, the Netherland - Originally introduced 12 years ago, the Danish company Bike2 was probably ahead of its time with the launch of their pedal generator. They have now partnered with Alligt to bring a finished product to market successfully.
WELS, Austria - The cooperation between a group of surface finishing suppliers, the sppot, launched its first live event to present the industry the latest trends in colours and innovations. More than 250 people were reported to attend the event at TIGER Coatings in Austria.
HEERENVEEN, the Netherlands - The consortium KKR announced an all-cash offer for Accell Group shares today at €58 per share. The acceptance period runs from 8 April to 22 June. The announcement also includes the approval by the relevant competition authorities.
BREDA, the Netherlands - Watt Mobility has been in the market since 2017 offering affordable e-bikes developed especially for cities. Focused on being lightweight to cover shorter distances, the e-bike is hardly recognisable as an electric variant. The Dutch company has clear European ambitions and recently raised €1.5 million in funding to support further growth.
HEERENVEEN, the Netherlands - "We saw good sales levels and continued strong profit accretion in the second half of 2021 through November," said Accell Group CEO Ton Anbeek in a trading update published today. While the company still reported sales decline in the first half of this year, it is now much more positive on the expected full year results.
MUNICH, Germany - The busy agenda of the World Cycling Forum 2021 includes Q&A sessions with the speakers, panel discussions as well as ample networking opportunities during the breaks.
NIEUWEGEIN, the Netherlands - In a recent investment round the Dutch scale-up in electric shared transport GO Sharing, raised €50 million. The expansion of its offerings with e-bikes as well as electric cars both on its home market and international is a major part of the company's growth strategy.
AMSTERDAM, The Netherlands - enviolo, known for its stepless shifting products, has reported record-breaking revenue growth in 2020. Reaching over 60% revenue growth means enviolo doubled its sales in 2 years' time. The company is now bringing more experience into the team as it expands the business development department.
Where cars have been status symbols ever since they were invented, bicycles were mostly seen as a practical and economical way to get around. Together with the expansion of the electric bike market this is starting to change. Cyclists add more value to the aesthetics of a bicycles' design and see their vehicle as a way to express their identity.
