Latest Corporate and M&A
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ArticleConstruction starts on new Kettler Alu-Rad e-bike factory in Germany
Kettler Alu-Rad , a member of Europe’s leading bicycle purchasing cooperative Zweirad-Einkaufs-Genossenschaft ( ZEG ), is beginning with the construction of a new production facility in the German state of Saarland. As early as the first quarter of 2022, the first e-bikes are expected to roll off the production ...
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Authentic Brands Group and SPARC to acquire Eddie Bauer
Authentic Brands Group ( ABG ), a New York City-based global brand owner, marketing and entertainment group, and SPARC Group , a global full-service retail operator, today announced a definitive agreement to acquire U.S. outdoor lifestyle brand Eddie Bauer from PSEB Group , an operating company owned by ...
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A.S. Adventure Group becomes Yonderland as it completes its refinancing
The A.S. Adventure Group is changing its name to Yonderland as it completes a financial reorganization under which its bank lenders have acquired a minority stake in the company. In addition to rescheduling its debt, it will also receive a capital injection of €25 million to support its ...
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Mavic 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 ...
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U.K. investment firm to acquire Mammut
After Conzzeta had already announced on Dec. 9, 2019, that it would focus on the sheet metal working segment ( Bystronic business unit) in the future, and this year revealed the final restructuring, including the renaming of Conzzeta to Bystronic, the Swiss company has now apparently found a ...
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Dometic acquires Valterra Products
Dometic, the Swedish brand that just joined the Scandinavian Outdoor Group ( SOG ), has reached an agreement to acquire Valterra Products , a North American provider of service and aftermarket products primarily for the RV (recreational vehicles) industry. The acquisition expands Dometic’s service and aftermarket ...
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KTM 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 ...
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Moody’s upgrades outlook for Amer Sports
Providing some interesting figures on Amer Sports ’ latest performance and some interesting projections, Moody’s has changed its outlook for the company from negative to stable. However, it maintained an overall B3 corporate rating on Amer’s debt, feeling that its credit metrics will remain weak over the next 12 to ...
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Two 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 ...
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Hama 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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Former TNF innovation expert becomes CEO of new company to commercialize advanced textiles from Stanford Univ. lab
EEnotech , a California clean tech foundry, has unveiled LifeLabs™ , a new company dedicated to commercializing textile patents from Stanford University ’s advanced materials lab. Founded by Professor Yi Cui , director of Stanford University’s Precourt Institute for Energy and a 15-year veteran of Stanford’s Department of Materials Science ...
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VF’s new fulfillment center in the U.K. begins operations
VF Corp. , through its local subsidiary VF Northern Europe Limited , has begun operations at its new fulfillment center in Bardon, Leicestershire, which will employ about 250 people at peak times. The new 55,800-square-meter center will have “state-of-the-art automation capabilities putting it at the forefront of the footwear and ...
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Investor acquires majority stake in Elastic Interface maker Cytech
With an initial investment from its private equity fund PM Partners III Fund , Italian private equity firm PM Partners SGR has joined Cytech (aka Cyctech Group aka Cypad Group ) as a majority shareholder. The investor intends to support the group in its ambitious development plans. ...
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Zweirad Union unveils production plan for Sangerhausen factory
Following the takeover of insolvent German bicycle manufacturer Sachsenring Bike Manufaktur in mid-February, the new owner, the German Zweirad Union E-Mobility und Produktion , has now communicated the first roadmap and outlines for future market-oriented bicycle production in the Sangerhausen plant. Behind the newly founded Zweirad Union ...
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MTB cycletech manufacturer Velobaze calls it quits
On March 25, partners, dealers and suppliers of Swiss MTB Cycletech producer Velobaze received the news that the manufacturer’s business operations “will be discontinued with immediate effect due to the current economic situation.” According to the Velobaze board of directors, this step had to be taken despite significant ...
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European carbon bike frame factory opened in Portugal
Together with German carbon forge All Ahead Composites as a technology partner and Taiwanese supplier Art Collection Corporation as a design partner, the Portuguese companies Ciclo Fapril , Miranda Bike Parts and Rodi Rims Wheels have established a European carbon frame factory under the ...
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DTC e-bike brand VanMoof heralds global stationary service expansion
As part of its core global strategy, flourishing DTC e-bike supplier VanMoof announces plans to expand its local presence from eight to 50 cities over the next six months. With this move, the Dutch company aims to strengthen its position “as an e-bike leader” in the field of urban ...
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Adidas ends 2020 with a small plus and presents new business plan with focus (also) on outdoor
As reported in detail by our sister publication SGI Europe , the Adidas Group ended the year with a small sales increase of one percent in local currencies in the fourth quarter, despite a challenging environment, especially in Europe, the only market that suffered a sales decline. As ...
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PAI retains control of A.S. Adventure, whose sales fell by 22.9% in 2020
We reported earlier about an agreement between A.S. Adventure Group and 12 banks, brokered by the Amsterdam District Court, to deal with its debt of €292 million. Responding to our inquiries, the company’s management indicated that the terms of the agreement are a little different from what has ...
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Conzzeta in transformation - new name, search for Mammut buyer and resignation of management team
In a further step in its ongoing strategic transformation and following the publication of declining results for the 2020 financial year, the executive board of the Swiss Conzzeta Group will step down at its upcoming annual general meeting on April 21. The board of directors will also propose ...
