For the eighth time, innovations in the bicycle industry will be awarded by Eurobike. Organized by Messe Friedrichshafen and iF-Design, the Eurobike ...

Despite presenting an updated STEPS e-bike components groupset at next weeks Eurobike show, Shimano is not putting priority on establishing a position ...

This is the last of a series of 4 special eMail Eurobike Countdown Newsletters

Diamondback has been a huge name in the sport of BMX and Mountain Biking since 1978. Raleigh, owners of Diamondback since 1997, has invested in new ...

OSAKA, Japan - In its financial statement on the first nine months of 2021, the Shimano Group again reports a brisk sales increase of its bicycle component segment of 56%. From the same period in the previous year, bicycle component turnover jumped to JPY395,187 million (€3 billion), and operating income was up 103.4% to JPY113,719 million (€864 million).

TAIPEI, Taiwan - Oxo-Pro was born out of the idea of combining European design and product development with Asian effectiveness and networking. "We want to produce our grips where our customers assemble the final product," explains Ronny Höglund, founder of Oxo-Pro.

ZEIST, the Netherlands - It's been a busy year for the international bicycle industry. High demand for bicycles, notably e-bikes, driven by the COVID pandemic and the push for greener cities has brought high level investments. But, high shipping costs has brought high blood pressure for those trying to secure parts.

DIEREN, the Netherlands - As of this month Pon Holding will make Gazelle e-bikes also available in Italy. The Dutch bicycle manufacturer owned by Pon Holdings says the move ties in with its international growth ambitions. Gazelle has also announced a new managing director as of March 1st, 2022.

MORGAN HILL, USA - Forty-eight years after starting Specialized, founder Mike Sinyard has announced the appointment of Scott Maguire as CEO. As Founder, Chairman, and Chief Rider Advocate, Sinyard will remain fully engaged as the brand's visionary leader. Scott Maguire will own the responsibility of running the business and will report to Mike Sinyard.

KOBLENZ, Germany - Direct to consumer retailer Canyon, has appointed a new CEO. Effective March 1st, former Nike executive Nicolas De Ros Wallace will be tasked with leading the company through the next stage of its growth journey.

BERGAMO, Italy - After almost 10 years, Stefan Anton left the Italian tyre brand, the Vittoria Group, at the end of June. In the past years, Anton has held multiple roles within the company, leading regional offices and as product director, where he was extensively

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

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.

VARESE, Italy - The traditional Italian motorcycle manufacturer MV Agusta Motor S.p.A. is entering the highly dynamic market for electric bicycles. As part of the planned brand extension the first e-bikes are now rolling into the market. E-scooters should follow very soon.

LA FLECHE, France - Despite the Covid-19 pandemic, French e-bike manufacturer Néomouv concluded 2020 with a turnover of €10 million and a production of 10,000 e-bikes, but this could have been much more. Philippe Vaxelaire, the CEO of the company, explains that he chose to reduce components purchases and production fearing a drop in the sales. A boost in production is planned for 2021.

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.

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.

WELS, Austria - In the first six months of 2023, Pierer Mobility AG achieved a new record revenue of €1.39 million, up 20.2%, compared to 2022. However, "the bicycle market as a whole is characterised by major changes. The consolidation that has already begun and is expected, will have profound effects on the entire bicycle industry," the motorcycle and e-bike specialist warns.

HONG KONG - The growing e-bike market in Europe created a hike in the number of new brands in recent years. Each of them developed their own concept. Some were more successful than others. Supported by its Hongkong based owner, a crowdfunding campaign and a strong focus on fashion, Tenways is one of those brands that have rushed onto the market.

SEOUL, South Korea - Scott Sports owner Youngone Corporation has granted its subsidiary a temporary financial injection of SFR 150 million (€160.6 million). The high inventory levels throughout the bicycle sector is tying up so much capital that even profitable companies like Scott Sports are in urgent need of capital to continue their daily operations.