All articles by Jo Beckendorff – Page 18
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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 ...
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News briefs40th B.O.C. store in Germany is e-bike-only
With its 40th store in Germany, multi-channel bicycle retailer Bike & Outdoor Company GmbH & Co. KG (B.O.C.) is opening its first B.O.C. e-bike-only store on Nov. 25. It has a total area of 1,000 square meters and is located in an industrial park northeast of Lingen (Ems). In total, ...
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ArticleLeatt with the next sales and profit record
South African two-wheeler protective equipment manufacturer Leatt Corporation, which trades over-the-counter (“OTC”) in the U.S., has set further records for sales and net profit in the third sales quarter of the current fiscal year 2021. Q3 results were not only the best in the company’s history but also marked five ...
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ArticleSupply bottleneck slows Bike24’s third quarter
German e-commerce cycling, running and swimming sports retailer Bike24 Holding AG, which has been listed on the stock exchange since mid-2021, reported good sales growth and continued high demand for its third quarter of the current fiscal year 2021. However, due to the “persistently tense situation on the sourcing market,” ...
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News briefsDecathlon Germany unveils ambitious business plan, with cycling and outdoor as key pillars
According to its just-launched 2022 to 2026 business plan, Decathlon Germany aims to more than double its sales to a total of €2.5 billion by 2026. To achieve this, the company wants to transform itself from a specialist sports retailer to a holistic sporting goods platform, according to information from ...
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ArticleYamaha and Hero Motors form joint venture for e-bike drive systems
Japanese Yamaha Motor Company has signed an agreement with Indian two-wheeler manufacturer Hero Motors for a new joint venture to manufacture e-bike drive systems in India. The company is expected to be established by the end of November, with Yamaha holding a 10 percent stake and Hero, the parent company ...
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ArticleGerman bicycle companies develop charter for a sustainable industry
For more than a year, a committee of six German bicycle companies developed an action plan for resource conservation, sustainability and climate protection around the products and services of the bicycle industry. At the end of October, 23 decision-makers adopted the “Bike Charta for Sustainable Business” at a meeting of ...
