All articles by Jo Beckendorff – Page 18
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News briefsArdian invests in YT Industries
On Aug. 3, Ardian, a leading global investment firm based in Paris and majority-owned by its employees, officially announced that it would support German DTC mountain bike provider YT (“young talent”) Industries GmbH. While the financial terms of the deal were not disclosed, the use of the additional cash infusion ...
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News briefsSRAM Group expands its European marketing team
Source: SRAM Moritz Dittmar SRAM Group’s European marketing department has hired two new employees. On Aug. 1, industry returnee Moritz Dittmar officially succeeded Maximilian Topp as MTB communications coordinator for Northern Europe. Dittmar has several years of experience in the cycling media landscape. Most recently, he worked ...
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News briefsBombtrack partners with Columbia for technical off-road adventure shirts
U.S. outdoor outfitter Columbia Sportswear and German off-road bike outfitter Bombtrack Bicycle have teamed up to create a line of technical shirts for gravel and adventure bikers. The two travel shirts, “Rover” and “Wanderlust,” were officially unveiled Aug. 4 and are now available exclusively from Bombtrack IBDs in the European ...
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News briefsTaipei Cycle 2022 goes hybrid
It’s probably rising case numbers in the country that has had a comparatively good grip on the Covid-19 situation so far that have already prompted the organizer of the Taipei Cycle Show (TCS) to make the following decision: Next year’s bicycle show will be held as a hybrid event. After ...
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News briefsLife Time Acquires U.S. bicycle festival Sea Otter Classic
As the world-famous Sea Otter Classic bicycle festival is entering its 31st year, an important change was officially announced on Aug. 3. The festival, traditionally held at the birthplace of mountain biking in Monterey, California, has a new owner with U.S.-based Life Time Inc. No details were given about the ...
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ArticleSRAM Group opens Time pedal factory in Portugal
On June 30, bicycle component manufacturer SRAM Group (Rockshox, SRAM, Time, Truvativ and Zipp brands) celebrated opening a new production facility for Time pedals in Portugal. Annual production capacity is to be ramped up to 200,000 pairs of high-quality pedals, the company said. No details were disclosed about the level ...
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ArticleBMZ and Panasonic Cycle Technology announce cooperation for e-bike drivetrains in Europe
German battery specialist BMZ GmbH (aka BMZ Group) has signed a cooperation agreement with Japanese pedelec drivetrain pioneer Panasonic Cycle Technology Co. for complete e-bike drivetrain systems for the European market. This marks the entry of BMZ Group, which has previously also made a name for itself as a supplier ...
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News briefsGermany's Sport Import expands SRAM Group distribution to Bulgaria and Romania
As of August 1, German bicycle wholesaler and distributor Sport Import GmbH is officially expanding the SRAM Group aftermarket distribution to Bulgaria and Romania. In Bulgaria, the experienced wholesaler shares the distribution of SRAM Group brands Rockshox, SRAM, Time, Truvativ and Zipp with Velomania Ltd. In Romania, the company will ...
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ArticleExcellent results mark the first half of Shimano’s 100th anniversary year
Further Covid-related temporary plant and port closures on the one hand, and unabated high demand for bicycle products and fishing tackle on the other, gave Japan-based supplier Shimano Inc. a hard time in the first half of 2021. However, unlike in the first half of 2020 (when the supplier had ...
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News briefsMyStromer AG welcomes three new distribution partners
Swiss S-pedelec pioneer MyStromer AG plans to drive the mobility revolution with no less than three new national distribution partners, namely in Italy, the U.K. and the United Arab Emirates (UAE). While Greenlife Mobility has already been taking care of Stromer pedelecs in Italy since May and is currently working ...
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News briefsRaleigh’s DACH region distribution to return from PBG to Accell in 2023
The Dutch Pon Bike Group (PGB, with brands Cervélo, Focus, Gazelle, Juliana, Kalkhoff, Santa Cruz, Union and others) has been distributing the traditional British bicycle brand Raleigh as a licensed brand in the German-speaking markets since 2005. As the license agreement with Accell Group expires at the end of September ...
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News briefsGerman specialty bike manufacturer Hase Bikes expands and modernizes production
Due to strong growth in recent years, German Hase Bikes is investing in a new building, giving the specialty bike manufacturer (recumbent trikes, step tandems and cargo bikes, including “e”), which has also made a name for itself in the rehab sector, the opportunity to reorganize production. The new facility ...
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News briefsStrategic expansion of Gruppo’s management team
Following the recent announcement that U.S. investor Victor Luis and his Asobi Ventures Inc. have joined Cinelli and Columbus manufacturer Gruppo Srl as majority shareholders, and the introduction of Marcello Segato as the new CEO, the Italian company has now hired Walter De Luca as a member of the executive ...
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ArticleHigh demand for bike helmets results in tremendous sales increase for Mips in H1
After a strong start to fiscal 2021, “brain protection” helmet-technology maker Mips AB stepped it up a notch in the second quarter. As a result, the Swedish company posted total sales of SEK 225 million (€22.0m-$25.9m) in the first half of the year, despite challenging supply chain issues. Compared with ...
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ArticlePierer Mobility and Maxcom join forces for new e-bike factory
On July 21, Austria’s Pierer Mobility AG and Bulgaria’s largest bicycle manufacturer Maxcom Ltd. announced the establishment of a joint venture in which each party will hold a 50 percent stake. With an investment of €40 million, this joint venture will develop a state-of-the-art e-bike production facility in Bulgaria on ...
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News briefsPortugal is the largest bicycle producer in the EU for the second consecutive year
According to 2020 data released by Eurostat on July 20, Portugal is the largest bicycle producer in Europe for the second year in a row, with a total production of 2.6 million units. In 2019, the country had risen to the number one position in Europe for the first time. ...
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News briefsPinarello announces new sales team organization
After the investment fund L Catterton, which joined Italian bicycle equipment manufacturer Cicli Pinarello srl as majority shareholder in 2016, introduced a new organizational structure at management level together with Pinarello founding partner and CEO Fausto Pinarello (son of company founder Nani Pinarello) earlier this year, the sales team has ...
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ArticleDDK Group increases production capacity with new factories in Vietnam
Like all Asian manufacturers, the Taiwanese bike saddle manufacturer DDK Group has been overwhelmed by much higher production demand than expected. Not only is DDK’s factory in Changhua, Taiwan, running at full capacity, but the group’s factories in Nantong, China, and in Thủ Dầu Một, Vietnam, are also overloaded. The ...
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News briefsG-Motion e-bike store opening with Storck Bicycle
On July 15, the German Glinicke Automotive Group celebrated the opening of the “G-Motion” e-bike center in Kassel. Markus Storck, founder and CEO of Storck Bicycle, attended the festivities. His brand is the driving force behind the new store. With the cooperation between G-Motion and Storck, the bicycle supplier is ...
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News briefsLa Passione successfully closes another funding round
Italian DTC cycling apparel brand La Passione Cycling Couture (La Passione Srl), founded in 2015, has raised €7 million in another round of financing. This cash injection comes partially from existing investors – Milano Investment Partner (MIP), Club Italia Investimenti 2, Club Digitale and Cyclo Club – who have been ...
