HEERENVEEN, the Netherlands - E-bike sales are accelerating in European markets that up till now were small for electric bicycles. That's the main message in Accell Group's trading update which the listed company published today. It also says that Accell recorded higher turnover and profit in the first quarter of 2016 compared to 2015.
AMSTERDAM, the Netherlands - It came about accidentally, but was soon recognized for its future potential. What Haibike first presented 2 years ago at Eurobike has turned into a huge sales hit. And has the ability to trigger much more.
AMSTERDAM/BRUSSELS - In two separate events the Dutch and Belgium industry organizations announced their bikes, e-bike and speed e-bikes of the year.
NUNSPEET, the Netherlands - New firmware has been released by Shimano to make automatic gear shifting possible for e-bikes with Shimano Steps drive train and Nexus-8 Di2 hub drive units.
PARIS, France - A recent survey on the global cycling market by the Paris based NPD Group, a provider of consumer and retail market research information for a wide range of industries, revealed the € 35.7 billion size (USD 47.4 billion) of the 2014 worldwide bike market at retail level, after VAT.
BRUSSELS, Belgium - 2014 was a very positive year for the European bicycle industry. EU employment, production, and sales grew compared to 2013 figures. This is the conclusion of an economic study carried out by CONEBI, the Confederation of the European Bicycle Industry.
NANJING, China - After Bosch, Brose, Pon and others another automotive major has been stepping into electric bikes. The company did it low profile in 2014 and also at last August Eurobike still did not want to stand out. However at Asia Bike, the show in Nanjing, China that closed its doors last Monday, it displayed its e-bike system more openly.
HEERENVEEN, the Netherlands - Accell Group can proceed with the restructuring of its financial position as it secured sufficient support from its key stakeholders. "The implementation of the recapitalization will create a sustainable financial and operational platform to execute our strategy," reported the company today. "Approximately 80% of our senior term and revolving facility lenders have committed their support for the recapitalisation, while other key creditors unanimously back the plan."
ZEIST, The Netherlands - Dutch fatbike manufacturers are experiencing a drastic decline in demand following the uproar surrounding e-bikes with fat tyres in the country. Phatfour's sales in its home market are currently about 75% lower than last year. Local competitor, Urban Mobility, the company behind Doppio, recently filed for bankruptcy. Can export markets offer a saviour for Dutch fatbike bands?
AMSTERDAM, the Netherlands - As an event, Micromobility advertises itself as the 'world's largest' conference for small vehicles. In this bustling and crowded industry with many start-ups and new business concepts, the e-bike is probably not the first you would expect to find. The Europe edition, which took place on 5-6 June in Amsterdam this year, showed the e-bike is an important part of a whole new eco-system in the making: future urban mobility.
HEERENVEEN, the Netherlands - The financial situation for KKR owned Accell Group is becoming increasingly challenging. A group of lenders decided to select advisers to assess options for the bicycle manufacturer amid struggles spurred by waning demand and operational hurdles. Accell is also facing an expensive recall of the Babboe cargobike and at the same time the union might shut down one of the Heerenveen factories later today.
Leading folding bike manufacturer Dahon chairman Dr. David Hon has announced he has uncovered design flaws in various types of bicycles, including mountain bikes, road bikes, and some e-bikes. By examining frame flex and its impact on performance, Dr. Hon has developed theoretical and experimental methods for practical frame flex measurement.
EDE, The Netherlands - "The problems in the supply chain are still very present," tells Accell Western Europe's regional director Epco Vlugt to Bike Europe during the company's annual dealer show. "But there is definitely progress compared to last year," he confirms. "With such dynamic market conditions it shows that many players in the chain are beginning to adapt and add more flexibility."
ZEIST, the Netherlands - The cooperation between Kellys and Koenigsegg's automotive composite body part manufacturer has been much speculated since Eurobike. Known for their multimillion Koenigsegg Jesko, the Swedish super-car manufacturer's partner for composite aerodynamics bodyparts and Kellys have partnered in the development of the super lightweight Theos F series e-bike.
BREMBATE, Italy - To fund its investments in capacity and innovation in both Thailand and Italy, Vittoria owners WISE Equite and Vittoria's management entered an innovative financing operation. They issued a 5-million-euro bond with a duration of 6 years which is initially fully subscribed by UniCredit.
MILAN, Italy - Pirelli has started producing its cycling tyres in the Bollate factory based nearby Milan. The facility has undergone a period of modernisation and an overhaul process to accommodate the production of Pirelli Cycling's top-of-the-range lines.
MILPITA, USA - Technology company, Arevo Inc has announced not only "the completion of the world's largest 3D printing facility for carbon fiber composite additive manufacturing", but also the first shipment of bicycles and e-bikes with frames out of the 3D printer.
AMSTERDAM, the Netherlands - Bolster Investment Partners acquired a 50% stake in Optima Cycles. Simultaneously, with Bolster's investment in Optima Cycles, sister company MM Bicycles, located in Taiwan, will be acquired and integrated into the group under the name Optima Cycles Asia.
MILAN, Italy - Victor Luis investment fund Asobi Ventures Inc , acquired a majority share in Gruppo Srl, the parent company of prestigious Italian bicycle manufacturer Cinelli and historic tube manufacturer Columbus. Terms of the transaction were not disclosed.
To serve the need for carbon fiber products in Europe a group of investors have founded 'Carbon Team' in Portugal. After the success of Triangle's aluminum frame production founded by Rodi, Miranda and Ciclo Fapril, these 3 Portuguese companies joined forces with Bike Ahead composites (Germany) and Art Collection
