All Bike & eBike articles – Page 84
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ArticleTwo new RTE bike factories, new target groups
In addition to the foundation of RTE Poland, previously communicated in our sister publication SGI Europe, the bicycle manufacturer RTE is also expanding its activities at its headquarters in Portugal. A new e-bike factory is already in the final stages. The new factory, which will operate under the company name ...
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News briefsMaier Sports and Gonso support local retailers with Outtra services
Germany’s Maier Sports GmbH, owner of the Maier Sports and Gonso brands and in turn part of the outdoor division of the Schwan-Stabilo group, is going live with the “Where-to-buy local” and „Shop Window” tools from software specialist Outtra. In view of the current business situation, the project, which had ...
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News briefsBike&Co continues to restructure under new management
Source: Bike&Co Volker Diehl After successful years and a comprehensive reorganization of the company, the management of the German bicycle purchasing association, Bike&Co, has announced some changes. After managing director Olaf Heinen left the association “by mutual agreement,” the appointment of several long-serving employees to the management ...
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News briefs
Sportler targets cycling enthusiasts with new Italian store
Sportler has opened its first dedicated bike store, building on cycling’s success story during the Covid-19 pandemic. The new 1,500-square-meter store, opened on April 9, is located in Mandella, near Peschiera del Garda, in the Italian province of Verona. In addition to products from leading bicycle brands, the store will ...
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News briefsFrench bicycle sales record double-digit growth
According to figures from UNION sport & cycle, the French sporting goods industry association, the bicycle market (bicycles, parts and accessories) reached the milestone of €3 billion in value for the first time in 2020, representing a 25 percent increase over the previous year. Overall sales of all types of ...
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News briefsChildren’s bike manufacturer Woom moves assembly to Poland
After a group of investors acquired just under a third of the company shares in children’s and youth bicycle supplier Woom in the fourth quarter of 2020, the Austrians say the investment will be used, among other things, for near-market assembly. Since the beginning of the year, the assembly of ...
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ArticlePierer Mobility with new sales and revenue records in Q1
Listed Austrian company Pierer Mobility, a specialist in motorized two-wheelers, sold 87,197 motorcycles and 19,256 e-bikes in the first three months of the year despite global supply chain problems. The result was also driven by high global demand for individual mobility, triggered in part by Corona. Compared to the previous ...
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ArticleHama Group acquires majority stake in Messingschlager
With retroactive effect as of Jan. 1, Hama, a leading international supplier of accessories for consumer electronics, has acquired a majority stake in Messingschlager, one of the world’s largest importers of bicycle accessories. With Hama’s entry, Messingschlager intends to set the course for future growth in good time. ...
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News briefsProtective equipment maker G-Form acquired by Eldridge Industries
On April 9, U.S. protective equipment maker G-Form announced that it has been acquired by Greenwich, Connecticut-based investment holding company Eldridge Industries. Details of the purchase price were not disclosed. The transaction provides the brand, known for its protectors for a variety of team sports including baseball, soccer, field hockey ...
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News briefsKirschner Fahrradmanufaktur launches third bike brand
This season, the German premium bicycle supplier A.&A. Kirschner Fahrradmanufaktur is rolling out a third brand. In addition to Falkenjagd, which specializes in titanium frames, and Rennstahl, which specializes in steel frames, there is now a third premium brand, Parapera. This one relies on carbon frames for the comparatively young ...
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News briefsCarbon specialist REIN4CED receives further financial boost
REIN4CED, a specialist in lightweight fiber-reinforced composites, has successfully completed its €7 million Series B capital increase led by European venture capital firm Capricorn Partners NV. This capital injection is intended to support the Belgian carbon expert on its ambitious path “to become the leading supplier of lightweight, strong and ...
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ArticleHervis with new flagship stores focusing on bike and outdoor
Source: Hervis Nina Kronberger, sales manager Vienna region, and bike store manager Thomas Radon At the end of March, Austrian sporting goods chain Hervis Sports, which belongs to the Spar group, opened a new bike flagship store after transforming a regular multi-category store in the Stadlau district ...
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News briefs
New CFO for Hövding
Swedish company Hövding, maker of an airbag collar for cyclists, has recruited Per Holmqvist as the company’s new CFO, effective mid-June 2021. Holmqvist was most recently head of group business control at Heimstaden, a Swedish real estate development company. Before that, he led the controlling at Bygghemma Group Nordic, a ...
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News briefs
Uvex Group opens online brand shop
The German Uvex Group is further developing its digital business models and opening an online brand store for end consumers that carries all Uvex Group brands and their B2C-ready assortment. This includes sports and leisure equipment from Uvex and Alpina, as well as safety products for the workplace. Also available ...
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ArticleGlobal bicycle stocks Q1 2021: The soaring continues
While most of the existing problems caused by the Corona crisis have yet to be resolved, the global stock market is relying on hopes — hopes for a bright post-Corona future. Instead of going into crisis mode, it is simply bypassing all the economic killers that are piling up. Supported by further stimulus packages and the open money floodgates of central banks, the stock market remains high. Our cycling stock chartists are ahead of the curve. They rely on another serious advantage: the bicycle and e-bike sales boom pushed by Corona led to excellent business figures last year. These were announced in the first quarter of this year. Some of the record results were a good impetus for the development of the share value in Q1 2021.
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ArticleTaiwan’s 2020 exports: It’s all about e-bikes
How did Taiwan’s valuable bicycle and e-bike unit and value exports master challenging 2020 - the so-called “Corona Year One”? Export statistics published by the Taiwan Bicycle Association (TBA) provide detailed information.
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ArticleInvestor acquires majority stake in Elastic Interface maker Cytech
With an initial investment from its private equity fund PM&Partners III Fund, Italian private equity firm PM&Partners SGR has joined Cytech (aka Cyctech Group aka Cypad Group) as a majority shareholder. The investor intends to support the group in its ambitious development plans. The management team, which will continue to ...
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News briefs
MAAP and New Era launch cycling cap for hot weather conditions
MAAP, the Australian cycling apparel specialist, has joined forces with headwear maker New Era on a new cycling cap specifically designed for the hottest riding conditions. The Stealth Performance Cap is made of sweat-wicking and highly breathable fabrics. The laser-cut perforations through the center are said to offer maximum airflow. ...
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News briefsSteelworks by Thyssenkrupp ceases innovative steel frame project
Five years ago, a group of enthusiastic road-biking employees at Thyssenkrupp wondered what would be possible today with a road bike made of steel. This idea gave rise to the steel giant offshoot Steelworks by Thyssenkrupp. The goal was to “bring all the advantages of steel to a road bike ...
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News briefs
German Bicycle Industry Association welcomes new managing director
On April 1, Burkhard Stork officially took over as the new managing director of the German Bicycle Industry Association (ZIV). He is filling the big shoes of former Siegfried Neuberger, who passed away suddenly in the middle of last year. Stork is no newcomer to the industry. He already served ...
