Latest Corporate and M&A
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ArticleMajor investment in Portuguese bicycle production for the EU market
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 ...
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Pon Holdings acquires Dorel Sports
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 ...
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Listed majority owner of Bikeleasing-Service renamed
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 ...
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For one-time bonus payment: Bike24 starts share buyback
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 ...
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Travis Campbell acquires Eagle Creek from VF, European organization stays on board
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 ...
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Houdini drives expansion of circular economy movement with new shareholder
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 ...
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Allbirds files for IPO but remains loss-making, plans to open up new apparel categories
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 ...
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New Mavic owner Bourrelier Group sets successful future course
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 ...
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Sport Holding acquires Bergans of Norway
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 ...
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On Holding files registration for IPO
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 ...
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SSU reorganizes management of Internetstores Group
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. ...
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EDM Interview Series #04-2021: Samaya
The Outdoor Industry Compass spoke with Arthur Jallas, co-founder and sales leader of French brand Samaya.
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Adidas to sell Reebok to ABG for €2.1 bn
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, ...
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Additional cash boost for Arevo allows for expansion of 3D printing facilities
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,” ...
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SRAM Group opens Time pedal factory in Portugal
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. ...
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How Bike24 is capitalizing on a global boom in bike sales
As the pandemic fuels a craze for cycling, Europe’s biggest online marketplace for bikes makes an impressive stock market debut.
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BMZ and Panasonic Cycle Technology announce cooperation for e-bike drivetrains in Europe
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 ...
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Vision Quest Velocity secures $3.4 million in seed funding
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 ...
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EDM Interview Series #03-2021: Artilect
In part 3 of EDM’s new Interview Series, we spoke with Trent Bush, founder and Co-CEO of Artilect.
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Pierer Mobility and Maxcom join forces for new e-bike factory
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 ...
