All articles by Jo Beckendorff – Page 16
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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 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 briefsWFSGI members elect two cycling executives to board of directors
In a postal vote among its members, the World Federation of the Sporting Goods Industry (WFSGI) has elected three new board members. The results of the written ballot were officially announced at the virtual WFSGI board meeting on Sept. 21. Elected as industry representatives were: Ton Anbeek (CEO of Accell ...
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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 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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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 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 ...
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News briefsSwiss Revolt Zycling revives MTB Cycletech brand
The legal battle over the trademark rights to the MTB Cycletech brand name between former longtime Velobaze CEO George Merachtsakis (who left the company in April 2020) and the Velobaze team led by CEO Sebastian Marten and CFO Michael Läuppi could not be settled when MTB Cycletech parent company Velobaze ...
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News briefsEvoc Sports expands marketing team
Source: Jo Beckendorff Alexandra Hlawitschka On Sept. 6, Alexandra Hlawitschka started as the marketing content and press manager at German sporting goods travel transport and backpacking expert Evoc Sports. She joins Evoc from German sports glove manufacturer Roeckl Sporthandschuhe, where she spent nearly five years as communications ...
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News briefsEvoc Sports integrates airbag into commuter bike backpack
The German sporting goods, travel transport and backpack specialist Evoc Sports has presented the Commute A.I.R. Pro 18, its first bicycle backpack with integrated airbag and the already familiar Liteshield Plus back protector, as a concept product at the IAA Mobility show in Munich. The name of the model shows ...
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News briefsSimplon expands Connected Retail Partner program in DACH region and Benelux
Simplon Fahrrad’s Connected Retail Partner program, which was established and extensively tested many years ago at the company’s headquarters at the Simplon Experience Center, currently connects 50 bike retailers. In 2022, it is to be expanded to 100 in the DACH region and Benelux, the company says. The program’s partner ...
