AMSTERDAM, The Netherlands - Bike subscription service Swapfiets, will celebrate its ten-year anniversary on November 7. Under the guidance of Pon Holding's investment company Ponooc since 2018, the company has grown to have over 270,000 members across Europe. Although, still striving for profitability, the B Corp-certified scale-up is working hard towards creating a 100% circular bicycle.
ZEIST, The Netherlands - Corporate Social Responsibility (CSR) reports are becoming a more regular occurrence from companies operating in the bicycle industry. The annual publications detail a company's sustainability efforts to its internal and external stakeholders.
BREMBATE, Italy - Only one and a half years after the opening of an all-new facility in Oldenzaal, the Netherlands, Vittoria has announced the relocation of A Dugast cyclocross series production to its factory in Bangkok, Thailand.
BANGKOK, Thailand - As part of its ambitious growth and investment plans, tyre manufacturer Vittoria has opened a new state-of-the-art factory in Bangkok, Thailand dedicated to the production of cotton tubular and clincher bicycle tyres. The carbon neutral factory will also be at the forefront of sustainable product development.
BREMBATE, Italy - Private equity investors Telemos Capital have signed a binding agreement to acquire a majority stake in Italian tyre manufacturer, Vittoria. Together with Wise Equity, Telemos aims to accelerate the growth of the company on a global scale. The transaction is expected to close in early 2023.
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.
