Latest Corporate and M&A

  • Maxcom:Aussenansicht1
    Article

    Pierer Mobility and Maxcom join forces for new e-bike factory

    2021-07-23T08:41:00Z

    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 ...

  • DDK Group:Pro Active Global Vietnam Aussenansicht2
    Article

    DDK Group increases production capacity with new factories in Vietnam

    2021-07-19T08:09:00Z

    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. ...

  • USWE-VOID
    Article

    USWE expands offering with premium cycling apparel through acquisition of VOID Cycling

    2021-07-18T17:42:00Z

    On July 16, USWE Sports AB , founded in Skåne, Sweden, in 2007, signed an agreement to acquire VOID Cycling , founded in Gothenburg in 2014, from Tenson BV and Color Group BV . Both USWE and VOID are strong in e-commerce and have each established a global presence. ...

  • 4 Kopie
    Article

    New Canadian brand norda launches seamless trail running shoe made of bio-based Dyneema

    2021-07-14T08:46:00Z

    norda™ , a young Canadian running shoe brand, introduced the first seamless trail running shoe made from bio-based Dyneema® fiber. norda was “founded with a mission to empower athletes to reach their highest potential through innovation and cutting-edge technology” and is the brainchild of Willamina ...

  • Shimano (Singapore) Pte., Ltd.)
    Article

    Shimano with new factory in Singapore, new machines in Japan

    2021-07-12T08:11:00Z

    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 ...

  • Carbon Team Fabrik
    Article

    Portugal officially inaugurates Europe’s first large-scale carbon frame factory

    2021-07-12T08:10:00Z

    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 ...

  • 20210702081501_79231167_en
    Article

    Klarna acquires social shopping platform Hero

    2021-07-11T18:53:00Z

    Klarna , the retail banking, payments and shopping service from Sweden with over 90 million active users worldwide and 2 million transactions per day, has acquired Hero , a social shopping platform founded in 2015 and based in London and New York. Hero aims “to provide consumers with inspiration, advice ...

  • Spyder
    Article

    Authentic Brands moves Spyder license to Liberated Brands

    2021-07-05T09:22:00Z

    Authentic Brands Group ( ABG ) has announced the transition of its core licenses for its ski-focused Spyder brand to Liberated Brands . Under the terms of the new long-term agreement, Liberated Brands will assume outerwear and apparel sourcing, product design, marketing, wholesale, e-commerce and retail store operations ...

  • from_left_Mathias-Ihlenfeld_Christian-Bezdeka_Marcus-Ihlenfeld_Guido-Dohm-3500x2333-55701803-ecd1-40e8-8f20-cd812a38dfb6
    Article

    Woom-Europe merges with Woom-USA

    2021-07-01T09:54:00Z

    Austrian children’s and youth bicycle supplier Woom GmbH has acquired its U.S. import partner and placed it under its corporate umbrella. Financial details of the acquisition were not disclosed. The merger of Woom-Europe with Woom-USA is one of several strategic steps the company is taking to grow. ...

  • SILVA_Corporate
    Article

    Silva acquired by growth equity investor, paving way for expansion

    2021-06-30T07:51:00Z

    Verdane , a Northern European specialist growth equity investor, has acquired the Swedish brand Silva , manufacturer of high-quality compasses, headlamps, and sports equipment, founded in 1933. Silva had been in the hands of Scandinavian private equity investment firm Karnell ( K3 Fund ) since 2011 when it acquired ...

  • outdoorprofis_Logo_CMYK Kopie
    Article

    Outdoor-Profis becomes wholly owned Sport 2000 subsidiary

    2021-06-29T10:09:00Z

    Outdoor-Profis GmbH , the umbrella company for the outdoor specialty retailers that are part of the Sport 2000 sporting goods buying group, has become a wholly-owned subsidiary of the Sport 2000 GmbH group. Acquisition details were not disclosed. Previously, Sport 2000 held an unspecified minority stake in Outdoor-Profis. With ...

  • logo-mmg-lafuma-millet
    Article

    Calida Group to sell Millet Mountain Group

    2021-06-29T07:15:00Z

    Following the successful divestments of Oxbow and Eider , the Swiss Calida Group now intends to continue its strategic focus and concentrate on its core lingerie and underwear business with a sharpened brand portfolio by selling off the rest of its outdoor brands. Recent business developments have illustrated, ...

  • 151125_SportPursuit-logo
    Article

    bd-capital invests in shopping club SportPursuit

    2021-06-20T16:24:00Z

    SportPursuit , a flash sales website for premium outdoor and sports gear currently selling mainly in the U.K. and Germany, announced its partnership with bd-capital , a London-based, pan-European, operationally managed private equity firm established in 2019. According to a company statement, bd-capital’s investment, which was not disclosed in a ...

  • DSCF4897
    Article

    3T starts carbon frame production in Italy

    2021-06-18T12:40:00Z

    After causing a stir in 2018 with the presentation of its domestically manufactured carbon aero crank “ Torno ”, the Italian high-end niche supplier 3T Cycling is finally following suit and ready to offer carbon frames 100 percent “Made in Italy.” In 2019, 3T had started ...

  • Eagle-Creek_Camping_3
    Article

    Eagle Creek to be shut down in fall for financial and strategic reasons

    2021-06-16T12:55:00Z

    As previously noted , VF Corp . has decided to cease operations of its Eagle Creek travel and luggage brand this fall. Before the end of the company’s activities, pre-orders for fall/winter will be delivered and also follow-up business is planned to be served - as far as possible ...

  • LJB & Borromin Logos
    Article

    Private equity firm invests in German bicycle retailer LJB

    2021-06-14T05:53:00Z

    The private equity firm Borromin Capital has invested in the German bicycle retail chain Little John Bikes GmbH ( LJB ) to drive the retailer’s national growth and to support the company’s further structural and strategic development in the areas of regional presence expansion, corporate acquisitions and the ...

  • signa-spouni-logo-cmy-color-pos-1-1
    Article

    Signa Sports United buys bike e-tailer Wiggle - and plans to go public

    2021-06-11T15:55:00Z

    Through a merger with Yucaipa Acquisition Corporation , a U.S. special purpose acquisition company, the previously indicated IPO (see SGI Europe ) of Berlin-based Signa Sports United ( SSU ), led by Austrian investor Rene Benko , will now proceed faster than anticipated. According to a projected valuation, the combined ...

  • luhta-sportswear-company
    Article

    New boss and new structures for Dachstein’s parent

    2021-06-08T13:14:00Z

    Juha Luhtanen , 51, became the new managing director of the Luhta Sportswear Company on May 4, taking the place of his older brother, Vesa Luhtanen , who has retired after many years at the helm of the Finnish-based family-owned company, previously known as the L-Fashion Group . The ...

  • BIKE24ATMO
    Article

    Bike and sports e-commerce retailer Bike24 plans to go public in 2021

    2021-06-08T07:04:00Z

    In September 2019, private equity firm The Riverside Company bought back German e-commerce retailer for cycling, outdoor, fitness and swimming products, Bike24 GmbH , from British cycling e-commerce giant Wiggle CRC . Riverside had sold the continental European cycling online platform to the British industry giant in 2017. However, ...

  • BeneFaktorIndex BIke
    Article

    IPO of the bicycle certificate based on first and newly created bicycle stock index

    2021-06-04T11:06:00Z

    For the first time, investors can now invest in a specific certificate on what the company describes as “the world’s first bicycle index.” The planned date for the IPO on the Frankfurt Certificates Exchange is June 21. 10 percent of the annual fee of 1.3 percent of this so-called ...