MILAN, Italy - The exponential increase in e-cargo-bike use for personal mobility and logistics has paved the way for a growing demand for safety and manoeuvrability. Blubrake has now developed the first anti-lock braking system for e-cargo bikes.
HEERENVEEN, The Netherlands ‐ A fast recovery after the first lockdowns and the sustained high demand for bicycles, parts and accessories across Europe, has led the Accell Group to a 17% increase in net sales in 2020, according to the financial statement released today. The company also reports an operating profit of €74.7 million compared to €60.0 million in 2019.
One of the main concerns when having a bike is bike theft. This is a main problem in the world and something worth fighting, which is what PentaLock has done. "Having a collaboration with a former bike thief, the company discovered what to do to prevent bike thefts. This has later developed into a bike lock, which every bike thief would fear," says Emil Norup, CEO and co-founder.
OBERWANGEN, Switzerland - myStromer AG enjoyed clear business growth in 2020 with continued market share increases for its speed pedelecs, particularly in the Netherlands. There, the market share for Stromer grew by 19%.
RAVENSBURG, Germany - ZF Friedrichshafen AG has acquired all shares of the joint venture ZF Sachs Micro Mobility GmbH. The previous shareholders BMZ GmbH and Gustav Magenwirth GmbH & Co. KG (Magura) have transferred their shares to ZF Friedrichshafen AG.
MILAN, Italy - Pirelli has launched a new tubeless tyre dedicated to maximum performance and professional competitions. It will spearhead its range of tyres dedicated to road racing bikes. Two models are available: the all-around TLR and the SL version. Developed with the teams of the current female and male road racing world champions, the new tubeless tyres will be immediately available on the market.
ITTIGEN/BERN, Switzerland - The World Federation Sporting Goods Industry (WFSGI) is conducting a series of surveys to better understand the impact of the coronavirus pandemic on the sporting goods business. "The results of our May pulse survey show that COVID-19 is, as expected, having a sustained negative impact on our industry," comments WFSGI President & CEO, Robbert de Kock. But the results also revealed some positives.
ANNECY, France - Mavic's future remains uncertain after it was put in receivership on 2 May 2020 by the Commercial Court of Grenoble. Currently, the process is handled by Thevenot Partners and AJUP. Some projects have already been submitted but the one led by the French business lawyer Didier Poulmaire stands out.
WIESBADEN, Germany - On the occasion of the World Bicycle Day on 3rd June, the German Federal Office for Statistics (Destatis) announced some interesting national retail data, including bicycle retail sales figures. Destatis compared March 2020 with April 2020 sales. In comparison with other retail sectors IBDs are definitely on the sunny side of life.
AMSTERDAM, the Netherlands - Pon Holdings, which includes the Pon Bike Group, has reported an improvement in the group's financial results compared to 2018. Both the turnover and the profit of the company increased in 2019, but the group has followed other large companies and decided to postpone the dividend this year.
MILTON KEYNES, UK - Major UK 'click and collect' retailer Argos recently confirmed today that it will join the Bicycle Association's Cycling Market Data Service.
POSCHIAVO, Switzerland - Repower, a Swiss manufacturer and distributor of green electricity, recently displayed the latest addition to its electric mobility ecosystem called Homo Mobilis.
SUZHOU, China - Yesterday, Bafang Electric (Suzhou) Co., Ltd. debuted on the main board at Shanghai Stock Exchange (SSE). 30 million Bafang (BFGF) shares (stock code: 603489) were issued on the capital market, accounting for 25 percent of the total share capital after release.
AMSTERDAM, The Netherlands - Yesterday, Pon Bike finalized the acquisition of Urban Arrow. This Amsterdam based Dutch electric cargo bike brand has seen fierce growth in recent years.
REDDITCH, UK - Halfords has announced its interim results. In retail, cycling sales grew, recording like-for-like growth in cycling sales of 0.2 percent which the group attributes to "performance ahead of expectations in the last six weeks (of the period) as well as continued strong growth in e-bikes and kids bikes.
AMSTERDAM, the Netherlands - 'Move, house of mobility' is the name of Pon Holdings' new urban mobility center in Amsterdam. Here Pon Holdings will present new mobility solutions to a wide audience.
DENVER, USA - Twelve years after launching Gates Carbon Drive for the bicycle market, Gates is building upon its success unchaining bikes to bring advanced drivetrain solutions to electric motorcycles or e-scooters and the wider marketplace of light electric vehicles (LEVs).
MONTREAL, Canada - Dorel Sports including Cycling Sports Group (CSG; Cannondale, GT, Mongoose among other brands as well as Pacific Cycle and Caloi) showed a strong second quarter performance with revenues increasing by 7.4 percent.
HEERENVEEN, The Netherlands - In the first half of this year Accell Group saw its e-bike sales grow by 16 percent unit-wise and 47 percent in value. This boosted the company's overall results as its core business grew 8.8 percent in turnover to close to 651 million euro.
SCHWEINFURT, Germany - Within two years after the initial launch of Pexco GmbH at Eurobike 2017 by MD Susanne Puello and KTM Industries AG CEO Stefan Pierer, Pexco enters into a new phase.
