DRESDEN, Germany -The Riverside Company has planned an IPO for one of Europe's leading cycling, outdoor, fitness and swimming products webshop Bike24 this year. According to a company statement they, "aim to accelerate growth and finance future business development." Prior to the IPO, The Riverside Company will issue a private placement.
MONTREAL, Canada - Dorel Industries has terminated the going-private transaction which was announced last November. To convince the current owners, an initial offer of Cerberus Capital Management LP representing the buyers was raised two weeks ago. But it did not convince the two main shareholders of Dorel Industries.
SUZHOU, China - The future battery market will be disrupted by the growing popularity of e-bikes in combination with the electrification of all other means of mobility, like cars, light vehicles and even trucks. Battery manufacturers therefore need to strengthen their energy planning and construction capacity. To quickly meet the rising demand, more large-scale battery manufacturing sites with 50 GWh capacity have to be established.
SYDNEY, Australia - The Australian carbon fibre bicycle wheel company Xtreme Carbon has been granted a USA Patent for its wheel design methodology and Aero hub and axle system which enables bicycle wheels to be designed and assembled with a significant reduction in aerodynamic drag.
BERLIN, Germany - To support the roll-out and European market launch of its Pedal Assisted Transporter (PAT), start-up Onomotion GmbH received a € 3 million cash-injection from InnoEnergy SE.
SAINT-JEAN-DE-MOIRANS, France - Last June, Rossignol announced that the Group had reached an agreement with the French start-up WhaTTfornow to acquire the industrial and commercial activities of Time Sport.
FULDA, Germany - The Büchel Edge rear light with integrated Z reflector, is the first sensor-controlled brake light for bicycles in accordance with the new StVZO and ECE guidelines. Büchel has introduced the brake light for model year 2021.
OSAKA, Japan - In its financial statement of the first quarter of 2020, the Shimano Group reported a downturn in sales since mid-March. The company also pulled its full-year business performance forecasts. The situation has changed drastically since last month. "Bicycle assemblers in Europe are seeing a surge in orders and retailers in the US are running out of stock," said Shimano's CEO, Yozo Shimano.
TAIPEI, Taiwan - Next to the news that the daily number of casualties in China is now dropping; it's also reported that Giant and Merida have resumed their operations in China. Is it a first indication that things are normalizing in China?
MONTREAL, Canada - Dorel Sports including Cycling Sports Group showed a strong third quarter performance; like in the 2nd quarter. Between July and October, revenues increased by 14.2 percent.
ATLANTA, USA - High-end bicycle pedal expert Speedplay has been taken-over by fitness equipment specialist Wahoo Fitness. "The Speedplay product range is complementary to our increasing line-up of high-quality indoor- and outdoor-cycling products," announced Wahoo. The purchase price remains undisclosed.
ULFT, the Netherlands - Basil originally unveiled the MIK (Mounting is Key) luggage carrier system at Eurobike 2017. This year, the Dutch company unveiled the second generation, the heavy-duty version. The heavy-duty version can carry up to 30 kilogram making it suitable for child seats.
TAICHUNG, Taiwan - Alexrims has upgraded its hub factory in Taichung, Taiwan. This was announced at last March Taipei International Cycle Show. The upgraded facility is to focus on making high quality hubs for e-bikes.
The heart of any successful direct-to-consumer (DTC) strategy is built around a great and effective ecommerce enabled website. Most companies we work with don't print paper catalogs anymore.
MONTREAL, Canada - Today Dorel Industries Inc. announces drastic deteriorated results for its Sports division (including Cannondale, Schwinn, GT, Mongoose, Pacific Cycles and Caloi) in 2018 and in the fourth quarter in particular.
REDDITCH, UK - The UK's leading bricks and mortar cycle retailer Halfords have released their latest Q3 trading figures. In the past 14 weeks to January 4, cycling sales were down 0.3% compared to a rise of 8% for the same quarter last year.
TAICHUNG, Taiwan - It weighs only 10 grams. The Arofly power meter looks like an odd, oversized valve cap screwed onto the back tyre valve. The newly presented second generation called Arofly Elite just won a Taiwan Excellence Award 2019.
BOCHOLT, Germany - The aim of Rose Biketown in Bocholt is to experience cycling. Given the almost 250,000 people who visit the store every year, Rose is successful. What makes Rose Biketown unique however
HELSINKI, Finland - After Amer Sports announced one week ago that it wants to sell its activities in the cycling market with Mavic and Enve, the Finnish holding got a takeover bid for all Amer shares by the Chinese companies ANTA Sports Products
PARIS, France - Financial difficulties for the French component manufacturer Spécialités TA have resulted in a take-over by bicycle parts supplier Velox based in Argenteuil, France. The amount of the transaction was not disclosed.
