All Bike & eBike articles – Page 70
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ArticleListed majority owner of Bikeleasing-Service renamed
On June 16, German technology group Brockhaus Capital Management AG (BCM), which has only been traded on the stock exchange since July 2020, signed a purchase agreement to acquire a majority stake in Bikeleasing-Service GmbH & Co. KG (BLS), “a leading digital B2B platform for the highly automated brokerage and ...
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ArticleProphete Group with management change after successful turnaround
In mid-2019, when the German bicycle supplier Prophete Group ran into difficult waters, the two owner families, Lönne and Prophete, brought the turnaround consultancy Struktur Management Partner GmbH on board. Interim manager Felix Schwabedal was tasked with designing and implementing the restructuring. Effective Oct. 1, 2021, he will now be ...
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News briefsSwiss e-bike pioneer Flyer takes off in North America
Like the German mountain bike manufacturer Propain Bicycles, Swiss e-bike pioneer Flyer AG, part of Europe’s largest bicycle buying group ZEG (Germany), is also using this year’s U.S. bicycle festival Sea Otter Classic in Monterey, California (Oct. 7-10), to enter the U.S. market. Flyer is not only eyeing the ...
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News briefsPropain Bicycles goes America
German niche D2C brand Propain Bicycles (custom handcrafted mountain bikes) is using the 2021 Sea Otter Classic U.S. bicycle festival in Monterey, California, which has been moved from its traditional May date to Oct. 7-10, to introduce itself along with its newly formed subsidiary Propain Bicycles USA. With this move, ...
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News briefs
Departure of BH Bikes Market Manager Germany leads to restructuring
After eight years with Basque bicycle manufacturer Bicicletas De Alava, S.A. - better known as BH Bikes - Steffen Krill is leaving the company. As market manager Germany and Austria, he built the brand in these markets practically from scratch. Under his aegis, the German subsidiary BH Bikes Deutschland GmbH ...
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News briefsCake closes $60 million fundraising for future growth
Stockholm, Sweden-based SOG member Cake reported that its latest financing round of $60 million – $14 million in convertible bonds and $46 million in financing – exceeded expectations. The round was anchored by Swedish pension fund AMF, investing alongside a handful of new investors and with support from current shareholders ...
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News briefsVittoria Group doubles LTT production capacity with $20 million investment
With an investment of $20 million, Italian bicycle tire manufacturer Vittoria S.p.A. plans to double the production capacity of its manufacturer Lion Tyres (Thailand) Co. (LTT). The new factory will not only increase capacity, but also create “the world’s first carbon-neutral production facility for bicycle tires,” according to the company. ...
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ArticleFor one-time bonus payment: Bike24 starts share buyback
German e-commerce cycling, running and swimming sports retailer Bike24 Holding AG has been trading on the stock exchange floor since the end of June 2021. The company’s shares, which once launched with a purchase price of just €15 and then often moved up, but also sometimes down, were well up ...
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News briefsDTC e-bike brand Cowboy heads to the U.S.
DTC e-bike brand Cowboy announced on Sept. 23 at the Micromobility America Conference in San Francisco that it is expanding its business to the U.S. At the same time, the Belgian brand is expanding in Europe: the addition of Sweden and Denmark brings the number of served country markets to ...
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News briefsCanyon Bicycles CEO to leave the company
Source: Canyon Taking over as CEO on an interim basis on October 1: CFO Winfried Rapp Canyon Bicycles CEO Armin Landgraf has decided to leave the D2C bicycle supplier for personal reasons at the end of September. He agrees to continue to assist the company as an ...
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News briefsMondraker with new headquarter in Spain
Spanish premium bicycle supplier Mondraker has moved into its new headquarters in Elche, 30 kilometers southwest of Alicante. The new building combines everything under one roof - all departments, offices and also production are located close to each other. According to the company, this creates synergies and increases efficiency. However, ...
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News briefsUSWE finalizes acquisition of VOID Cycling
USWE, the Swedish specialist for backpacks for two-wheeling, running and winter sports enthusiasts, has completed the acquisition of VOID Cycling that was previously announced in July. The company will be fully integrated into USWE Sports AB. Since signing the purchase agreement in July, USWE and the former owner, Tenson BV, ...
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News briefsFazua acquires Innotorq
German e-bike drivetrain manufacturer Fazua has acquired Innotorq, an inventor of a unique and patented integrated torque sensor technology for hub motors. No details of the sale price were disclosed. Fazua is taking over all business operations and will seamlessly transfer Innotorq technology and components to customers. The acquisition is ...
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ArticleBollé Brands Group with executive changes for e-com, CSR, marketing and sales
Bollé Brands Group has hired new staff for its marketing, business, e-commerce and corporate social responsibility departments to support the plan to strengthen both its digital and local presence, raise awareness of all the group’s brands - Bollé, Cébé, Spy+ and Serengeti - and strengthen its socially responsible investment policy. ...
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News briefsEgo Movement signs strategic partnership with TVS Motor Company
As part of an agreed strategic partnership, Indian two- and three-wheeler manufacturer TVS Motor Company has acquired a (unspecified) majority stake in e-bike provider Ego Movement. The partnership was signed on Sept. 16. Ego Movement is an (e-)brand of Zurich-based Swiss Go AG. For TVS, the deal is the second ...
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News briefsPorsche subsidiary takes off with connectivity-driven e-bike brand
Source: Porsche Digital Cyklaer Gravel Racer Porsche’s offshoot Porsche Digital has expanded its product portfolio with a new digital business model in the field of urban mobility called Cyklær. With the new brand, the company intends to build a platform for digital services around the cycling experience ...
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News briefsSchöffel-Lowa retail joint venture expands its store network
The joint venture Schöffel-Lowa-Sportartikel GmbH & Co. KG, once founded by the two German outdoor companies Schöffel and Lowa, is strategically expanding its store network. Two new shop-in-shop locations opened in southern Germany on Sept. 16 and brought the joint venture’s sales network to 35 (29 in Germany, 4 in ...
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News briefsSKS: “Made in Germany” benefits from supply bottlenecks from Asia
The opportunities for production close to the market in Europe due to supply problems from Asia are exemplified by the German bicycle parts and accessories manufacturer SKS Metaplast Scheffer-Klute GmbH (or SKS-Germany). The group has always relied on products “Made in Germany,“ and this is indeed a good selling point ...
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News briefsTrek Group presents 2021 sustainability report
Trek Group has unveiled its plan to combat the global climate crisis. The Sustainability and Corporate Responsibility Report 2021 summarizes the goals the U.S. bicycle company (Bontrager, Diamant, Electra, Trek brands) has set to reduce its global footprint and environmental impact. According to Trek Group, a bicycle manufacturer is committed ...
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News briefsNicolai explores new boundaries between existing two-wheeler classes
At Eurobike, Karlheinz Nicolai, founder and CEO of German premium niche brand Nicolai, showed off the new Eboxx Ultra – “UB1” for short – which bridges the gap between pedelecs and e-motorcycles. “We want to show that there is something more below the car and above the so-called LEVs that ...
