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.
LONDON, UK - Bike Europe reported in November last year how the well-known 60 plus strong bike shop chain Evans was sold to Sports Direct. At the time of its sale Evans employed around 1300 people around 880 of whom worked in store.
ALMERE, the Netherlands - Pon Bike Group saw its 2018 revenue grow by 14 percent and sold a total of 720,000 bikes. Electric bicycles continued to be the main product category of the 2nd biggest bike maker of Europe, after Accell Group. Pon Bike Group consists of Gazelle, Derby, Cervélo, Santa Cruz and BBB Cycling.
PARIS, France -French e-bike manufacturer Moustache Bikes announces the sale of 55 percent of its shares to LBO France. This private equity company took over all the Moustache shares that were owned by Initiative & Finance, an investment fund that participated in Moustache Bikes since 2015.
IDSTEIN, Germany - After launching its first own online D2C (Direct-to-Customer) platform for the German-speaking market, German premium bicycle niche brand Storck Bicycle GmbH now opened it for the world market. Since the end of September the English-language page is online as well.
MEQUON, USA - Shortly before this year's Interbike in Reno/Nevada it was already rumoured. Yesterday evening the final decision was announced: US bicycle components supplier Hayes Performance Systems, owner of the brands Hayes, Manitou, Sunringlé, ProTaper MTB and Wheelsmith, is taking over the carbon-fiber wheel
HELSINKI, Finland - Amer Sports did not had a good first half of 2018 as its cycling activities through subsidiaries Mavic and ENVE saw a further deteriorating net sales after a disappointing 2017. Total sales of the Finnish sports group dropped slightly in the first half of 2018.
TÜBINGEN, Germany - Last month, after an antitrust review and the commercial registration of the company, Sachs Micro Mobility Solutions GmbH started. It's a joint venture of BrakeForceOne (BFO), ZF and Magura.The company debuts at Eurobike.
SHANGHAI, China - Big-Ben bicycle component manufacturer selected the China Cycle Show for the introduction of their own saddle brand; Selle Mio.
FARMINGTON, USA - In combination with the publication of its disappointing financial report on 2017 - 2018 U.S. based Vista Outdoor Inc.
Today Accell Group NV announces that it has taken over 100% of Beeline Bikes shares. Beeline is a mobile bike shop franchisee operator that delivers
ZHUHAI, China - The importance of omni-channel on the rapidly changing bicycle market and the implications for folding bike specialist Dahon
REUTLINGEN, Germany - The acquisition of Frankfurt based Cobi by Bosch eBike Systems has been finalised this morning. The intention of the take-over
