All articles by Jo Beckendorff – Page 14
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ArticlePon.Bike invests in third European production facility in Lithuania
While Dutch mobility company Pon Holdings B.V. is still maintaining a low profile, the Lithuanian investment promotion agency Invest Lithuania announced on Jan. 24 that Pon.Bike – the bicycle division of Pon – will open a new production facility in the 320-acre Free Economic Zone (FEZ) of Kėdainiai, 50 kilometers ...
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ArticleSelle Royal Group plans to list on the Milan Stock Exchange
Another bicycle company appears to be preparing its initial public offering. According to various media reports in Italy, bicycle saddle and component manufacturer Selle Royal S.p.A. (also known as Selle Royal Group) has announced plans to aim for the Milan Stock Exchange. According to international news agency Reuters, the holding ...
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News briefsSRAM Group expands portfolio with acquisition of Hammerhead
The U.S. bicycle component manufacturer SRAM Group has purchased another brand, the bicycle computer manufacturer Hammerhead, which will remain an independent brand in the group’s portfolio. The transaction was already completed on Dec. 30, 2021, but has only now been officially announced. No details were given about the sales price. ...
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ArticleKent Outdoors acquires Kona Bicycles
Since its beginnings just over 34 years ago, Vancouver, B.C.-based bicycle manufacturer Kona Bicycles says it has “evolved from a small business in the Pacific Northwest to a far-reaching global brand.” On Jan. 19, the Canadian company announced that it has joined U.S.-based Kent Outdoors (formerly Kent Watersports) “to compete ...
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ArticleGreen awareness provides greater tailwind for bike stocks in 2021
2021 had it all: on the one hand, more lockdowns, virus variants, inflation, zero or negative interest rates, supply bottlenecks, political crises, trade and other wars, etc. On the other hand, 2021 experienced a world stock market that trudged steadily upward. This also gave our 2021 cycling stock some major ...
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ArticlePierer Mobility records strongest growth with e-bikes
According to Austrian two-wheeler specialist Pierer Mobility AG, the 2021 financial year shone with new records – so much that the board raised its sales forecast even before the publication of the preliminary key data for 2021 on Feb. 1. Previously, the publicly listed company had communicated a sales forecast ...
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News briefsANWR Group’s exit from Bico has no impact on Swiss Bike Profi
The exit of ANWR Group as a minority shareholder from the German bicycle trade organization Bico Zweirad Marketing GmbH has no impact on the Swiss bicycle trade organization Bike Profi. Bike Profi operates under the umbrella of ANWR-Garant Swiss AG. ANWR-Garant Swiss AG has already been operating in the bicycle ...
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News briefsSKS Germany with record sales in 2021
For German bicycle accessories manufacturer SKS Metaplast Scheffer-Klute GmbH (SKS Germany), 2021 was a special year: the company not only celebrated its 100th anniversary but also achieved record sales of around €87 million. In total, the company sold 1.2 million air pumps, 4.5 million permanently mounted and 2 million clip-on ...
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ArticleSport 2000 parent ANWR Group exits as shareholder of Bico
At the end of 2021, German bicycle purchasing group Bico Zweirad Marketing GmbH took over the 25.1 percent stake held by ANWR Group e.G. by mutual agreement. As a result, the ANWR Group – a community of independent retailers that is, among other things, the 100-percent parent company of the ...
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News briefsMagura’s parent acquires Leomável Moldes
Effective Jan. 1, 2022, the German holding company Magenwirth Technologies Group is taking over 100 percent of Portugal’s Leomável Moldes, Lda. With the acquisition of the long-standing partner, the parent company of two-wheel brake specialist Magura is expanding its plastics technology capacities. The company did not disclose any details of ...
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News briefsDT Swiss takes over brake specialist Trickstuff
Effective Jan. 1, 2022, Swiss bicycle components manufacturer DT Swiss AG will fully acquire German bicycle brake specialist Trickstuff GmbH. No details were provided on the sale price. Trickstuff has made a name for itself primarily with high-end performance products - particularly disc brakes. The driving force is owner and ...
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News briefsMIPS moves up to Nasdaq Stockholm’s Large Cap segment
Following Nasdaq’s annual review of the market capitalization of listed companies, Mips AB, which scores with its innovative helmet technology BPS (stands for “Brain Protection System”), is moving up from the Mid Cap to the Large Cap segment of Nasdaq Stockholm. The move will be effective January 3, 2022. “I ...
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News briefsDiekmann resigns CEO post, joins Rose Bikes advisory board
In November, in addition to his role as managing partner of DTC bicycle manufacturer and retailer Rose Bikes, it was announced that Marcus Diekmann would also assume the position of second managing director at International Brands Company KG (IBC) starting in 2022. Now Rose Bikes announced that Diekmann will join ...
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News briefsProtective with new showroom in Munich
German brand Protective, managed by Regensburg-based R&D Protective GmbH, has moved into a showroom at Munich’s MOC event and order center. Just in time for the pre-order start of the 2022/23 fall/winter collection, Protective is presenting its bikewear and the new Nordic line, which is celebrating its pre-order premiere, on ...
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ArticleExcellent financial year enables Accell to repay government Covid credit facility
Based on its sales and profit growth in 2021, Netherlands-based Accell Group N.V. will fully repay its “Go-C” facility issued during the Covid-19 pandemic before the end of the year. In this context, the Dutch company has also converted its existing revolving credit facility (“RCF”) from seasonal to full-year availability. ...
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ArticleReduced VAT on bicycles and e-bikes soon possible in the EU
On Dec. 7, the Council of the EU reached an agreement on updated rules for VAT rates. Under the new rules, member states will be able to apply reduced VAT rates to the supply, rental and repair of bicycles - “including electric bicycles.” Conebi, the European umbrella organization for national ...
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News briefsASG Group sells U.S. bike brand Ellsworth to RP Designs
In May 2018, the brand’s previous South African importer, ASG Group, had acquired California-based Ellsworth Cycling from BST Nano Carbon and incorporated it into its ASG North America subsidiary. Company founder Tony Ellsworth had then left “his baby” mid/end of 2018. However, ASG was apparently not entirely satisfied with the ...
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ArticleDespite serious bottlenecks, Taiwan’s bicycle and e-bike production grows at double-digit rate
Compared to other countries, the island nation of Taiwan has come through the pandemic in the best possible way. Thanks to safety measures taken in good time this is certainly also related to the experience gained with the SARS virus several years ago. Regarding this year’s situation in Taiwan, Astro ...
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ArticleVisitor numbers for EICMA 2021 at pre-pandemic level despite restrictions
The enthusiasm and confidence for the international two-wheeler exhibition EICMA seem unbroken. With a total of 342,644 visitors, the 78th edition of the show, which took place from Nov. 25 to 28 at the Fiera Milano in Rho, had reached the capacity limit permitted by current law. Although EICMA traditionally ...
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News briefsCorratec invests in additional production facility in Romania
After a long search, German bicycle brand Corratec has found a perfect site for another European production facility. As early as February 2022, the first Corratec-branded bicycles and e-bikes are expected to roll out of an existing factory site with several factory buildings measuring around 30,000 square meters each on ...
