All articles by Jo Beckendorff – Page 21
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ArticleLeatt continues on record track in 2021
In the second quarter of fiscal 2021, publicly traded South African protective equipment manufacturer Leatt Corporation, which trades over-the-counter in the U.S., has set more records: Sales increased by a whopping 106 percent to $14.3 million compared to the same period of the previous year. Income from operations grew by ...
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ArticleBike24 reports 44 percent revenue growth in H1 2021
German Bike24 Holding AG, the e-commerce retailer for cycling, running and swimming sports that has been publicly listed since June, reported sales of €127.4 million in the first half of 2021. Compared to H1 of the previous year, this is an increase of 44 percent. At the same time, the ...
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ArticleAdditional cash boost for Arevo allows for expansion of 3D printing facilities
Silicon Valley-based technology company Arevo unveiled a 3D-printed bicycle frame at Eurobike 2019. In August 2020, the company began offering on-demand custom production using a high-speed printer and in August 2021, Arevo announced not only “the completion of the world’s largest 3D printing facility for carbon fiber composite additive manufacturing,” ...
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News briefs3D print bike manufacturer Urwahn expands lineup
With Waldwiesel and Waldwiesel.E, the German bicycle niche manufacturer Urwahn Engineering GmbH is expanding its gravel bike range. In addition, Waldwiesel.E is the “world’s first 3D-printed gravel e-bike.” With the two new models – one without, the other with e-support – the supplier, which is causing a stir with its ...
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ArticleDorel posts ninth consecutive quarter of sales growth despite supply chain problems
Canadian conglomerate Dorel Industries Inc. continues to ride the wave of success, not only but mainly due to best results of its bicycle products-selling Sports Division and its Juvenile Division. In the second quarter of the current fiscal year 2021, the group increased its sales by 5.7 percent to $764.99 ...
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News briefsTrek launches e-commerce program in Germany and Austria
U.S.-based Trek Group began offering German consumers the ability to access its extensive product portfolio through its website on Aug. 2. Starting Aug. 25, the virtual offering, which also includes the German bicycle brand Diamant and the parts and accessories brand Bontrager, will be expanded to consumers in Austria. The ...
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ArticleGiant with strong H1 figures, production to be expanded with factory in Vietnam
Despite supply bottlenecks, container shortages and unfavorable exchange rates, Taiwan’s leading bicycle manufacturer Giant Group reported total consolidated sales of 41.99 billion Taiwan dollars (€1.28bn-$1.51bn) in the first half of fiscal 2021, thanks to unabated demand. Compared to the first six months of the previous year, this is an increase ...
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News briefsMerida reports double-digit sales growth in first half of 2021
While Taiwan’s leading bicycle producer Giant Group communicates its half-year sales and profit, Taiwan’s second-largest bicycle producer Merida Inc. Co. Ltd. has only officially published its monthly value-based sales figures for the first half of the year. Merida achieved unit sales growth of only 15.11 percent in April, with declines ...
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News briefsSRAM Group integrates Time Sport into its international distribution network
Last February, U.S.-based component manufacturer SRAM Group acquired the pedal business, including all related patents, from French manufacturer Time. Following the completion of a pedal manufacturing facility in Coimbra, Portugal, SRAM Group has now updated the list of global distributors for its pedal business, which now operates under the Time ...
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ArticleFourth consecutive record quarter for Fox Factory
U.S.-based suspension specialist Fox Factory Holding Corp. posted significant gains in both revenue and profit in the second quarter of fiscal 2021 compared to the same quarter last year. In addition, this year’s second quarter was not only the company’s fourth consecutive record quarter, but also surpassed the $1 billion ...
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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 ...
