Latest Corporate and M&A
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ArticleBamboo producer buys 31.8% of Merida Italia
Forever Bambù , a company active in the cultivation of giant bamboo through biodynamic and symbiotic agriculture, has acquired 31.8 percent of Merida Italia , the Italian branch of Taiwan’s Merida Corporation . The transaction was carried out as part of a €2 million capital increase, of which €750,000 were ...
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Ampler Bikes continues to expand after doubling sales in 2020
After doubling its sales last year, young B2C e-bike company Ampler Bikes is looking to simultaneously expand into other national markets this year while maintaining a high growth rate in Germany (currently the company’s most important market). For 2021, the Estonians have their sights set on Switzerland and the ...
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SRAM buys Time Sport’s pedal business from Rossignol Group
After having already announced that it had sold the carbon frame and fork production, including the RTM Composite factory of its subsidiary Time Sport International to the French-American investment and management group Cardinal Cycling Group , the French Groupe Rossignol is now also parting with the ...
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Volkswagen enters bicycle leasing and financing business
On February 18, Volkswagen Financial Services , a wholly-owned subsidiary of German automaker Volkswagen ( VW ), announced an expansion of its broad range of mobility services to include leasing and financing of bicycles and e-bikes. The new business will be generated through VW Volkswagen Financial Services’ investment in ...
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Niche e-bike brand Nox Cycles launches crowdfunding campaign
German-Austrian bike brand Nox Cycles , which set its course towards e-bikes in 2015 and founded Nox Cycles Austria GmbH based in Zillertal two years later, is currently attracting attention. Last year saw the launch of the construction of “Fort Nox”, a state-of-the-art, sustainable and resource-saving administration and production ...
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Bike helmet brand Catlike acquired by Polisport
Portugal’s Polisport Group , a global leader in children’s bicycle seats, specializing in the bicycle and off-road motorcycle accessories product world with a total of seven companies and nine brands, has acquired Spanish bicycle helmet and accessories brand Catlike . With Catlike, Polisport aims to strengthen its portfolio with another ...
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Apex Global Brands to be sold to Galaxy Universal
Caifornia-based Apex Global Brands Inc ., a global brand management and licensing organization previously called Cherokee Global Brands and the parent company of the Hi-Tec , Magnum and Tony Hawk brands, amongst others, confirmed that it has entered into a merger agreement with Galaxy Universal LLC , ...
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Group of investors takes over insolvent Sachsenring Bike Manufaktur
On Feb. 12, the responsible insolvency administrator, Dr. Philipp Hackländer of law firm White Case Partner , sold Sachsenring Bike Manufaktur GmbH to an unnamed group of investors. The new company founded by the group, Zweirad Union E-Mobility GmbH Produktion Co. KG , based ...
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Haglöfs reports stable sales in 2020
Despite the prevailing pandemic and turbulent market conditions, Swedish outdoor brand Haglöfs reported that it managed to deliver net sales for 2020 in line with last year’s strong performance. The company did not provide any figures. According to CEO Fredrik Ohlsson , the ability to mitigate the crisis is ...
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Delivery problems take their toll on multichannel supplier Rose Bikes
After an extremely successful 2020 fiscal year with a 34 percent increase in sales, the Corona pandemic’s economic effects are now hitting German B2C bicycle supplier and retailer Rose Bikes . The Bocholt-based company speaks of a “lack of delivery reliability on the part of Asian component manufacturers. This has ...
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VF expands the role of equity in its labor policy
In line with its Council to Advance Racial Equity (CARE) and Inclusion, Diversity, Equity and Action (IDEA) initiative, VF Corp. is implementing a number of new measures in its labor policy. “All VF employees will participate in a foundational inclusion and diversity learning journey to ensure they share ...
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Brand relaunch for Pyua
The German brand Pyua , which has stood for sustainable outdoor clothing since its inception in 2008, has unveiled a new brand identity that is intended to stand even more uncompromisingly for its sustainability mission. For the brand relaunch, Pyua has focused on three principles: Purity, Versatility and, above all, ...
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Bike Exchange: IPO on Australian Stock Exchange
Source: Bike Exchange The Australian company behind Bike Exchange , Rpro Holdings Limited, went public with its “world’s leading digital bike marketplace.” Since Feb. 9, the marketplace has been listed on the Australian Securities Exchange (ASX) in Sydney under the name Bike Exchange Limited ...
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E-bike frame manufacturer Astro cooperates with electronics giant Darfon
To further advance the electrification of bicycles, Taiwan’s high-end OEM and ODM frame manufacturer Astro Engineering has entered into a cooperation with laptop/computer keyboard and electronic component manufacturer Darfon Electronics. On Feb. 1, this new strategic alliance officially became Astro Tech Co. Ltd. Based on the essence of ...
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Greenstorm Mobility: new majority shareholder, new management
Greenstorm Mobility , a young Austrian e-mobility company that combines e-mobility with a sharing and second-hand concept, has a new majority shareholder and a new management duo. While a British private equity firm, Bregal Milestone , invested a “double-digit million amount” in 2018, it now gave another unspecified cash injection, ...
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Rocky Brands invests $230m to buy footwear brands from Honeywell
Rocky Brands has agreed to acquire the performance and lifestyle footwear business of the U.S. conglomerate Honeywell International for $230 million. The deal is expected to close in the first quarter of 2021. The assets acquired are The Original Muck Boot Company , Xtratuf , Servus , ...
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Büchel integrates Kuhnert and Exal into group portfolio
In streamlining the organization, Kuhnert Drahtwaren and Exal Europe have been integrated into the Büchel Group . “Since Jan. 1 of this year, Büchel GmbH Co. Fahrzeugteilefabrik KG has taken over the joint business operations of the two companies,” reads a statement from the German ...
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Pon sells stake in Accell
According to reports in various Dutch media, Pon Holdings B.V. sold its 20-percent corporate stake in competitor Accell Group N.V. at the end of last year. At the time of writing, no official comment was available from either Pon or Accell. In 2017, Pon Holdings, which is well-positioned ...
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Emerald acquires software company PlumRiver
The trade show industry is seeking new ways to generate revenues and engage its clients because of the damage made to its physical events. Just as the Outdoor Retailer Winter Market is starting its new OR Winter Online edition (Jan. 6 - March 19, with Summit Days on ...
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German bike company Canyon bought by Belgian Adidas shareholder
Groupe Bruxelles Lambert ( GBL ), a major Belgian-based investment company, has agreed to take over majority control of Canyon Bicycles , the German bike producer known for its direct-to-consumer approach. Roman Arnold , a former supplier of bike components who founded the brand in 2002, will reinvest a ...
