All articles by Jo Beckendorff – Page 22
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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 ...
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News briefsNew CEO at Magura
Effective June 1, Michael Funk has joined the management board of German brake expert Gustav Magenwirth GmbH & Co. KG (Magura Group) as the company’s new CEO. Funk succeeds Olaf Müller, who left the company earlier this year. Ralph Berndt had taken over the duties as CEO of the Magura ...
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ArticleCONEBI’s publishes Bicycle Market Report 2021
“The European bicycle industry is booming.” That is the headline the Confederation of the European Bicycle Industry (CONEBI), the umbrella organization for national industry associations, is using to promote its BIMP Edition 2021 (“European Bicycle Industry and Market Profile”), unveiled June 12, with the latest figures for 2020. ...
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ArticleShimano with new factory in Singapore, new machines in Japan
A few weeks ago, Japanese bicycle component manufacturer Shimano Inc. had to close its Malaysian plant, forced by the Malaysian government’s Covid lockdown. The Japanese company now announced that it would invest in a new factory in Singapore and new machinery in Japan. All this is being done with an ...
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News briefsPierer Mobility reports strong two-wheeler sales in the first half of the year
With total sales of 176,045 motorcycles and 53,378 e-bikes and bicycles worldwide, Austrian two-wheeler giant Pierer Mobility AG has closed the first half of 2021 on a strong note. While the motorcycle sales under the KTM, Husqvarna and GasGas brand names almost doubled with an increase of 94.9 percent compared ...
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ArticlePortugal officially inaugurates Europe’s first large-scale carbon frame factory
Led by Portugal’s minister of state for the economy and digital transformation, Pedro Siza Vieira, Carbon Team’s new production facilities were officially inaugurated on July 9 in Camoia, in the Portuguese municipality of Vouzela. Carbon Team is the first European automated carbon bicycle frame factory outside Asia. Hardtail monocoque carbon ...
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News briefsGerman DTC bicycle supplier Rose Bikes pushes expansion in brick-and-mortar retailing
End consumers have been able to test and buy bicycles from German DTC bicycle supplier Rose Bikes at Lengermann & Trieschmann in Osnabrück, Breuninger in Stuttgart, Sport Reischmann in Kempten and the four Globetrotter stores in Cologne, Frankfurt, Wiesbaden and Dresden since April 2021. Rose Bikes models “across all bicycle ...
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News briefsU.S. wholesaler QBP adds Benno Bikes to portfolio
U.S. bicycle wholesaler Quality Bicycle Products (QBP) will be the sole domestic distributor for California-based Benno Bikes’ bicycles, parts and accessories, beginning with the 2022 model year. With home market distribution centers in Minnesota, Pennsylvania, Nevada and Colorado, QBP serves a network of more than 5,000 independent bicycle dealers across ...
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ArticlePortugal Bike Value goes digital
On July 20, the very first digital platform to promote the Portuguese conscious mobility sector will be launched. With this tool, the national bicycle industry association ABIMOTA aims to promote, on behalf of its members, the path taken to internationalize the domestic bicycle production sector. Source: ABIMOTA PBV ...
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News briefsGruppo sets course for the future with new majority shareholder and CEO
U.S. investor Asobi Ventures Inc. has acquired a majority stake in Italy’s Gruppo Srl, the parent company of bicycle manufacturer Cinelli and (bicycle frame) tube producer Columbus. Further details of the transaction were not disclosed. At the same time, Gruppo has appointed Marcello Segato as CEO. Source: Gruppo ...
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News briefsVittoria launches bike tire subscription service
Italian bicycle tire giant Vittoria Group is launching its first B2B tire service, called “Vittoria2Go.” The service allows customers to purchase bicycle tires on a subscription basis and pay monthly. With this unique offering, the Italians are targeting the growing bicycle leasing and rental market. The first customer is Pon ...
