VIENNA, Austria - After a three-month restructuring process a new investor has secured the successful restart of Austrian custom-bike builder, Simplon. SOL Capital Management GmbH announced an undisclosed capital injection by one of its funds securing the future of the bike manufacturer.
SUZHOU, China - The oversupply in the industry, even for the category e-bikes, is still resulting in a slowdown in demand for component manufacturers. The excess inventory situation was already reflected at Taichung Bike Week last September but also came forward in Bafang's nine months earnings result which did not improve compared with 2023.
MAINZ, Germany - For reasons of efficiency, Pon has decided to relocate the European production of Santa Cruz & Cervélo to the existing facility of Pon Bike in Emstek, Germany. The production in Mainz will be discontinued from April 2025. This was reported by the platform MTB-news.de.
PALENCIA, Spain - Mahle SmartBike Systems has unveiled XS, its latest e-bike integration system aimed at delivering 'unprecedented freedom' in bicycle design. The XS system was created to simplify the integration process for bike manufacturers and features downsized components that reduce its environmental impact.
ROMILLY SUR SEINE, France - The operation of Cycleurope Group and Grimaldi Industri AB in France will be taken-over by the Rebirth Holding SAS as of 7 October. In a short announcement Cycleurope reports the transfer of 100% ownership to Rebirth Holding SAS for an undisclosed amount.
WELS, Austria - As a result of the market circumstances for e-bikes, bicycles and motorbikes, Pierer Mobility will fall short of expectations in terms of revenue and earnings, as well as with regard to the reduction in working capital and net debt in the current financial year. Therefore, the company has revoked its guidance for the 2024 financial year.
ZF presented its new 48-volt drive system for e-bikes for the first time at Eurobike 2024. At the heart of this system is the compact, powerful mid-motor: ZF CentriX. The ZF e-motor, featuring a strain wave gear and external rotor, delivers a powerful torque of 90 Newton meters, all within the installation space typically reserved for light-assist motors. The battery, user interface and cloud connectivity complete the drive system.
FRANKFURT, Germany - With market challenges currently dominating business strategies, Eurobike was a good opportunity to gauge what product development is still continuing in the bicycle industry. Dutch bicycle designer Peter van der Veer was there to reflect on the latest trends in design and form. A key take-away was that e-bikes are no longer homogeneous and that the range per target group and use case is growing.
MUNICH, Germany - Due to dropping e-bike sales, German torque sensor maker NCTE AG had to swallow hard in the first half of 2024. But there is a light at the end of the tunnel. A whopping incoming order increase is keeping the stock-listed company optimistic about the future.
GIVISIEZ, Switzerland - The announcement by Scott Sports Group SA majority shareholder Youngone Corporation to lay-off its CEO and minority shareholder Beat Zaugg did not come as a surprise for industry insiders. Following the cash injection of SFR 150 million (€160.6 million) by Youngone last December, a reorganisation was inevitable.
BIELEFELD, Germany - In the aftermath of the announced insolvency, no offers have been made for the Internetstores Group as a whole, an interim assessment of the insolvency proceedings has revealed. This raises concerns about the continuity of the brands under the Internetstores Group umbrella, potentially putting numerous jobs at risk.
STOCKHOLM, Sweden - Swedish cycling and sports equipment group WeSports Scandinavia AB has acquired a stake in compatriot Thevea Brands Group AB. The aim is to strengthen its distribution network across the Nordics market.
BERLIN, Germany - The latest report on the financially troubled Signa Sports United are overshadowed by the even bigger issues at its largest shareholder, Signa International Sports Holding GmbH. It is clear that not only the problems as generally reported in the cycling industry have put Signa Sports's future on the edge.
SCHWEINFURT, Germany - The absence of the brand R Raymon at the Pierer New Mobility booth at Eurobike 2023 was already a clear indication. The Austrian bicycle company has changed its brand strategy and with that Susanne and Felix Puello will go their own way taking R Raymon with them.
BERLIN, Germany - Battery swapping system supplier Swobbee has raised another €2 million in an extended Series A round. Polish fund SpeedUp Energy Innovation and Dutch Stichting Clean Future Dividend Fund joined the group of earlier investors. The company aims to scale the solution in more European and non-European markets.
MUNICH, Germany - CIP Mobility GmbH is the first customer being supplied with Schaeffler Group's innovative chainless "Free Drive" for e-cargo bikes. The company's Mocci Smart Pedal Vehicle is almost ready to hit the road and serve the logistics market.
OTTOBRUNN, Germany - Porsche has announced that Greyp Bikes will now be known as Porsche eBike Performance. Following the recent acquisition of Fazua and the majority stake in Greyp Bikes, Porsche is now adjusting its business structure "to hone its profile, define synergies and successfully implement seminal projects."
AMSTERDAM, the Netherlands - The trendy Amsterdam based brand VanMoof has seen its turn-over hike since 2017. A strong global branding made it an attractive investment for private equity. But VanMoof has also experienced the back side of the current supply chain problems, just like many others in the industry.
BERLIN, Germany - The past fiscal year was "a year of two halves," for German e-commerce retail giant Signa Sports United (SSU). "We were able to meaningfully increase our scale through acquisitions before being affected by the macroeconomic turbulence," explains CEO Stephan Zoll on release of the FY2022 results.
PRESEZZO, Italy - UTurn Investments, an independent family fund announced their investment in 3T to facilitate the company's new development path, in Italy and abroad. This includes the expansion of its industrial infrastructure as well as a growth of the Italian production.
