All articles by Jo Beckendorff – Page 25
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News briefs
Büchel Group subsidiary Wittkop acquires Italian competitor Selle Esse
German bicycle parts and accessories manufacturer Büchel Industrie Holding (a.k.a. Büchel Group) announced that its Wittkop Sattel subsidiary is acquiring Italian competitor Selle Esse, founded in 2009. The deal will be effective May 1 for an unspecified amount. The acquisition will also allow Wittkop, which was founded in 1898, to ...
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ArticleMips Q1 sales boosted by strong demand for bike helmets
When bicycle sales pick up in times of pandemic, Sweden’s Mips AB and its Brain Protection System (BPS) helmet technology are also in the front row. The first quarter of the year – usually the company’s smallest quarter – was the fourth-largest in company history in terms of sales. Total ...
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News briefs7Mesh opens distribution center in the U.K.
To ensure that orders for U.K. retailers and consumers continue to arrive faster, easier and without customs formalities, Canadian premium bikewear supplier 7mesh Industries (a. k.a. 7mesh Cycling Apparel) has announced the opening of a new distribution center “for post-Brexit shipping and service.” Working with its international logistics partner, Tigers ...
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News briefsStorck Bicycle and Cycling Friends take off in South Africa
Together with South African cycling tour operator Cycling Friends, German premium bicycle supplier Storck Bicycle opened the Storck Studio Cycling Friends in April. The man behind the tour operator (www.cycling-friends.com) is Stefan Lohwasser, the father of Storck Bicycle’s managing director, Dr. Todor Lohwasser. Stefan Lohwasser joined Storck as a shareholder ...
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ArticleShimano continues to perform well in Q1
Both Shimano’s bicycle components and fishing tackle divisions benefited from the ongoing Covid-19 crisis in the first quarter of its fiscal 2021. Overall, Shimano’s quarterly sales – compared to the first three months of last year – grew 64.4 percent to 126.43 billion yen (€961.6m-$1.2bn). Operating income was ¥32.57 billion ...
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News briefsVittoria Group expands management team
Source: Vittoria Group Vanessa ten Hoff Italian bicycle tire manufacturer Vittoria Group welcomes Vanessa ten Hoff as chief innovation officer to its leadership team. Ten Hoff joins with more than 18 years of experience in the household appliances industry in various international senior leadership roles, covering product ...
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ArticleMavic Group 2021 overview includes clear roadmap for the future
After last year’s insolvency of French bicycle component manufacturer Mavic SAS and its acquisition by Bourrelier Group, things remained quiet at first, at least on the surface. Now, at the unveiling of its latest product line on April 24, the newly formed Mavic Group gave a closer look at its ...
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News briefsBoards & More acquires SQlab
Boards & More Group, which owns the bike apparel and accessories brand ION, has acquired SQlab, a specialist in ergonomic bike accessories, effective March 31. Both parties agreed to keep the purchase price confidential. While SQlab founder Tobias Hild will remain on board as managing director, his wife, co-founder and ...
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ArticleKTM Fahrrad announces several strategic investments
Austria’s leading bicycle manufacturer, KTM Fahrrad, is considered one of the European pedelec pioneers and the largest location for electric mobility in its home country. For this purpose, the domestic market leader now even self-generates electricity. To ensure high product quality under the “Made in Austria” seal, all investments are ...
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News briefs
Spanninga expands management with second group director
Source: Spanninga Paul de Haan To support the management of the more than century-old Spanninga brand, the Dutch supplier of bicycle lighting and accessories has appointed industry newcomer Paul de Haan as its new group director. He will work side-by-side with Spanninga owner and group director Feike ...
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News briefsPolish investor acquires majority stake in 7Anna Group
On April 19, Polish private equity firm Resource Partners announced the signing of an investment agreement with 7Anna Group. Upon completion, Resource will hold an unspecified majority stake in the bicycle company. With the new investor, 7Anna’s founders will continue their current management roles and independently pursue the expansion of ...
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News briefs
Virtual Spezi 2021 confirmed, physical show moved to 2022
While show organizer Hardy Siebecke and his team have confirmed the dates for virtual Spezi 2021, the second virtual international specialty bike show from “Spezi - die Spezialradmesse,” this year’s 25th-anniversary physical show has been canceled. Although already postponed to Sept. 18-19, the German event organizer regretfully announced the cancellation ...
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News briefsSport Import brings Verde Bikes back to Europe
Verde, the iconic BMX brand founded in 2007, is celebrating a European comeback. For its new start, the U.S. brand is relying on the BMX competence of German bicycle wholesaler and importer Sport Import. In the BMX heydays, Verde made its name also in Europe. With the waning of the ...
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ArticleChinese e-mobility specialist Yadea announces global expansion course
At an international press conference in mid-April, Chinese e-two-wheeler giant Yadea Technology Group Co., Ltd. unveiled its product mix with which it plans to make a global splash in the future. Under the slogan “Electrify your life,” the first e-scooters and e-bikes were added to the global portfolio presented at ...
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ArticleTwo new RTE bike factories, new target groups
In addition to the foundation of RTE Poland, previously communicated in our sister publication SGI Europe, the bicycle manufacturer RTE is also expanding its activities at its headquarters in Portugal. A new e-bike factory is already in the final stages. The new factory, which will operate under the company name ...
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News briefsBike&Co continues to restructure under new management
Source: Bike&Co Volker Diehl After successful years and a comprehensive reorganization of the company, the management of the German bicycle purchasing association, Bike&Co, has announced some changes. After managing director Olaf Heinen left the association “by mutual agreement,” the appointment of several long-serving employees to the management ...
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News briefsChildren’s bike manufacturer Woom moves assembly to Poland
After a group of investors acquired just under a third of the company shares in children’s and youth bicycle supplier Woom in the fourth quarter of 2020, the Austrians say the investment will be used, among other things, for near-market assembly. Since the beginning of the year, the assembly of ...
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ArticlePierer Mobility with new sales and revenue records in Q1
Listed Austrian company Pierer Mobility, a specialist in motorized two-wheelers, sold 87,197 motorcycles and 19,256 e-bikes in the first three months of the year despite global supply chain problems. The result was also driven by high global demand for individual mobility, triggered in part by Corona. Compared to the previous ...
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ArticleHama Group acquires majority stake in Messingschlager
With retroactive effect as of Jan. 1, Hama, a leading international supplier of accessories for consumer electronics, has acquired a majority stake in Messingschlager, one of the world’s largest importers of bicycle accessories. With Hama’s entry, Messingschlager intends to set the course for future growth in good time. ...
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News briefsProtective equipment maker G-Form acquired by Eldridge Industries
On April 9, U.S. protective equipment maker G-Form announced that it has been acquired by Greenwich, Connecticut-based investment holding company Eldridge Industries. Details of the purchase price were not disclosed. The transaction provides the brand, known for its protectors for a variety of team sports including baseball, soccer, field hockey ...
