Latest Corporate and M&A

  • Abimota Logo_02 positivo_2020-s-margem
    Article

    Major investment in Portuguese bicycle production for the EU market

    2021-10-14T15:54:00Z

    The Portuguese bicycle industry association ABIMOTA has unveiled a major project with a planned total investment volume of over €258 million, through which Europe’s leading bicycle production intends not only to strengthen but also to expand its role. Plans also call for creating a technology center as a hub for ...

  • Pon.Bike Logo
    Article

    Pon Holdings acquires Dorel Sports

    2021-10-11T12:55:00Z

    The Dutch Pon Group and Canadian conglomerate Dorel Industries Inc. officially announced on Oct. 11 that Pon.Bike (brands Cervélo, Focus, Gazelle, Juliana, Kalkhoff, Santa Cruz, Union, etc.) will acquire Dorel Sports (brands Cannondale, Caloi, GT, Mongoose, Schwinn, etc.). According to the two parties, this mammoth marriage will create “a leading ...

  • Bikeleasing_Logo
    Article

    Listed majority owner of Bikeleasing-Service renamed

    2021-10-04T11:21:00Z

    On June 16, German technology group Brockhaus Capital Management AG (BCM), which has only been traded on the stock exchange since July 2020, signed a purchase agreement to acquire a majority stake in Bikeleasing-Service GmbH & Co. KG (BLS), “a leading digital B2B platform for the highly automated brokerage and ...

  • Bike24 Logo
    Article

    For one-time bonus payment: Bike24 starts share buyback

    2021-09-24T15:09:00Z

    German e-commerce cycling, running and swimming sports retailer Bike24 Holding AG has been trading on the stock exchange floor since the end of June 2021. The company’s shares, which once launched with a purchase price of just €15 and then often moved up, but also sometimes down, were well up ...

  • EC_Cargo Hauler Duffel_2020_51
    Article

    Travis Campbell acquires Eagle Creek from VF, European organization stays on board

    2021-09-09T13:34:00Z

    Effective Sept. 3, the newly formed Eagle Creek Holdings LLC owns Eagle Creek after acquiring the brand from VF Corp. The new entity based in Steamboat Springs, Colorado, is owned by Travis Campbell, an outdoor industry veteran and former president of emerging brands at VF, who left the group end ...

  • houdini-logo_black_transperant
    Article

    Houdini drives expansion of circular economy movement with new shareholder

    2021-09-09T09:05:00Z

    Swedish outdoor brand Houdini Sportswear announced that Italian investment firm GDTRE will join the brand’s co-founders, Hanna Lindblad and Eva Karlsson, who both hold a minority stake in the company and together own 77 percent of the company, as well as Stefan Ytterborn, founder of POC and CEO and founder ...

  • allbirds
    Article

    Allbirds files for IPO but remains loss-making, plans to open up new apparel categories

    2021-09-01T06:07:00Z

    Allbirds, the B Corporation-certified San-Francisco-based footwear and apparel brand, has filed with the U.S. Securities and Exchange Commission for an initial public offering. The document lists the size of the transaction at $100 million, which is an estimate used only to set the registration fee of $10,910. Allbirds was last ...

  • 1 year after.thumb
    Article

    New Mavic owner Bourrelier Group sets successful future course

    2021-08-27T12:33:00Z

    After the Bourrelier Group took over the insolvent French company Mavic in spring 2020, things were initially very quiet. One year after the takeover, the group now speaks of a successful turnaround, including a stable course for the future. Source: Bourrelier Group Getting Mavic back on track ...

  • Bergans_logo.svg
    Article

    Sport Holding acquires Bergans of Norway

    2021-08-26T13:43:00Z

    Sport Holding, Norway’s largest sports retail player with more than 360 company-owned and franchised stores throughout Norway, divided into Sport 1, Intersport, Anton Sport, Löplabbet, Sportsnett and Skandinavisk Høyfjellsutstyr, is acquiring 100 percent of the shares of Bergans Fritid AS. Source: Hans Kristian Krogh-Hanssen Jan Tore Jensen, CEO ...

  • Roger Schnegg Swiss Olympic_Roger Federer_Caspar Coppetti On
    Article

    On Holding files registration for IPO

    2021-08-25T06:17:00Z

    On Holding, the Swiss company that owns On, the performance brand specializing in running and trail running founded in Zurich in 2010 by Olivier Bernhard, David Allemann and Caspar Coppetti, has announced that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed ...

  • Internetstores_Logo
    Article

    SSU reorganizes management of Internetstores Group

    2021-08-24T09:43:00Z

    After more than three years as CEO of Internetstores GmbH, Hans Dohrmann will leave the parent company of multichannel bike, camping and outdoor retailers such as Addnature, Bikester, Brügelmann, Campz and Fahrrad.de. According to Internetstores Group’s parent company, Signa Sports United (SSU), he will leave “on good terms” on Sept. ...

  • SUMMERSIDE-0987-2
    Article

    EDM Interview Series #04-2021: Samaya

    2021-08-18T05:32:00Z

    The Outdoor Industry Compass spoke with Arthur Jallas, co-founder and sales leader of French brand Samaya.

  • Reebok
    Article

    Adidas to sell Reebok to ABG for €2.1 bn

    2021-08-15T17:15:00Z

    On Aug. 12, Adidas has entered into a definitive agreement to sell Reebok to the Authentic Brands Group (ABG) for a total of up to €2.1 billion. The majority will be paid in cash at the time of closing, which is expected to occur in the first quarter of 2022, ...

  • Arevo
    Article

    Additional cash boost for Arevo allows for expansion of 3D printing facilities

    2021-08-12T15:34:00Z

    Silicon Valley-based technology company Arevo unveiled a 3D-printed bicycle frame at Eurobike 2019. In August 2020, the company began offering on-demand custom production using a high-speed printer and in August 2021, Arevo announced not only “the completion of the world’s largest 3D printing facility for carbon fiber composite additive manufacturing,” ...

  • Time2
    Article

    SRAM Group opens Time pedal factory in Portugal

    2021-08-02T06:57:00Z

    On June 30, bicycle component manufacturer SRAM Group ( Rockshox , SRAM , Time , Truvativ and Zipp brands) celebrated opening a new production facility for Time pedals in Portugal. Annual production capacity is to be ramped up to 200,000 pairs of high-quality pedals, the company said. ...

  • BIKE24ATMO
    Article

    How Bike24 is capitalizing on a global boom in bike sales

    2021-08-01T12:47:00Z

    As the pandemic fuels a craze for cycling, Europe’s biggest online marketplace for bikes makes an impressive stock market debut.

  • 160_PM_Panasonic Cycle Technology Cooperation_PicGX
    Article

    BMZ and Panasonic Cycle Technology announce cooperation for e-bike drivetrains in Europe

    2021-07-29T18:06:00Z

    German battery specialist BMZ GmbH (aka BMZ Group) has signed a cooperation agreement with Japanese pedelec drivetrain pioneer Panasonic Cycle Technology Co. for complete e-bike drivetrain systems for the European market. This marks the entry of BMZ Group, which has previously also made a name for itself as a supplier ...

  • Vision_Quest_Velocity_LLC
    Article

    Vision Quest Velocity secures $3.4 million in seed funding

    2021-07-29T10:22:00Z

    Vision Quest Velocity LLC, an early-stage virtual cycling start-up from the U.S., announced that it has received $3.4 million in seed round funding. Strategic financial partners led the investment round. Velocity will leverage Vision Quest Coaching’s more than 20 years of experience and knowledge to launch a unique and differentiated ...

  • SJOSTROMC-1979
    Article

    EDM Interview Series #03-2021: Artilect

    2021-07-27T18:30:00Z

    In part 3 of EDM’s new Interview Series, we spoke with Trent Bush, founder and Co-CEO of Artilect.

  • 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 Bulgaria on ...